Kohl’s: Buyout offers undermine value of business

Kohl’s: Buyout offers undermine value of business

Kohl’s says that recent offers to purchase the department store chain undervalue its business. It says it is adopting a shareholder rights plan to head off any hostile takeovers. The shareholder rights plan is effective immediately and expires in a year. The move...
BC Partners raises €5.3bn for final close of Fund XI

BC Partners raises €5.3bn for final close of Fund XI

The London-based private equity firm raised about €5.3bn in committed capital from investors for its 11th flagship fund, according to people familiar with the matter. BC Partners had originally sought €8.5bn in what was meant to be its largest fund to date, but...