Speculation is swirling around Big Lots after Bloomberg reported that the company might seek bankruptcy protection. Bloomberg added that, as a bankruptcy alternative, Big Lots is simultaneously seeking new investors, citing a source familiar with the search. Bloomberg...
The board of directors at Kohl’s Corp. has unanimously appointed Tom Kingsbury CEO, the company reported, while reaching an agreement with activist investor Macellum Advisors. Kingsbury has served as interim CEO since December 2, the company. He will continue to serve...
In its ongoing fight with activist investor Macellum Advisors, Kohl’s Corp. has issued a statement saying it has engaged with firms interested in purchasing the company, but, in a separate letter, that it would oppose any replacement of its board in a proxy fight....
Activist investor Mill Road Capital Management has issued a letter to shareholders of Big Lots urging a sale of the company. Hill Capital Management, which has purchased 5.1% of Big Lots stock, revealed in a March 15 filing with the United States Securities and...
Responding to a statement and a letter to shareholders from activist investor Macellum Advisors, Kohl’s Corp. issued its own statement rejecting critical points made in the Macellum correspondence. Kohl’s insisted that it has continued to engage with Macellum on...
