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Kohl s takes steps to thwart hostile takeover

Kohl's says that recent offers to purchase the department store chain undervalue its business and said it's adopting a shareholder rights plan to head off any hostile takeovers.

Kohl s: Buyout offers undermine value of business

NEW YORK — Kohl’s says that recent offers to purchase the department store chain undervalue its business and that it is adopting a shareholder rights plan to head off any hostile takeovers. The shareholder rights plan, known as a “poison pill,” is effective immediately and set to expire on Feb.

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