Group of Investors Take Nearly 10% Stake in Kohl's (KSS) - WSJ
A group of investors have taken a combined 9.5% stake in Kohl's (NYSE: KSS) and is seeking to take control of the retailer's Board of Directors, the Wall Street Journal reported citing people familiar with the matter.
The group includes Mecellum Advisors, Ancora Holdings and Legions Partners, in addition to 4010 Capital LLC.
The group nominated nine to the 12-person board.
The trio previously targeted Bed Bath & Beyond (NASDAQ: BBBY).