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Kohl’s stock surges on buyout talks with Franchise Group

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By MICHELLE CHAPMAN
AP Business Writer

Shares of Kohl’s are up more than 12% before the market open on Tuesday after the retailer announced that it is in exclusive takeover talks with the owner of Vitamin Shoppe. Kohl’s said that the exclusive period is for three weeks, with Franchise Group Inc. offering to buy the company for $60 per share.

Article Topic Follows: AP National Business

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