Kohl’s Settlement With Actvists For Board Seats
Kohl’s Corporation (NYSE:KSS) commitment to great deals this spring extended beyond the coupon books piling up by my mailbox; it just settled with four activists that initially sought to replace a majority of its board. Q1 2021 hedge fund letters, conferences and more Kohl's Deal With ActivistsComing less than two months after the campaign was launched and a full month before the annual meeting at which it was due to climax, the agreement is a tidy bit of business insofar as it avoids proxy advisers Institutional Shareholder Services and Glass Lewis weighing in on the merits of the argument, p...