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Kohl’s to Add Two Activist Group Nominees to Its Board

Kohl's department store exterior in Minneapolis, United States
Kohl's department store exterior in Minneapolis, United States. Shutterstock. (Shutterstock)

Kohl’s Corp said on Wednesday it has reached a deal with a group of activist-investors to avoid a proxy fight, agreeing to add two of the group’s nominees to its board as independent directors.

The departments store operator also expanded its share buyback plan to $2 billion.

By Uday Sampath; Editor: Sherry Jacob-Phillips

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