Kohl’s stock surges on report bidders are still competing for company amid market volatility

Business

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The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California.
Justin Sullivan | Getty Images

Kohl’s shares surged more than 15% Wednesday, after being briefly halted, following a report that bidders competing to acquire the retailer are preparing to make binding offers, albeit lower than the indicative bids.

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