Cole’s suitor wants to buy chain by selling Kohl’s assets

kohlso The activists are in talks to be defeated and sold for about $8 billion. But its savvy could bring a whole new set of challenges to the department-store chain.

franchise group which owns Vitamin Shoppe, Pet Supply Plus and other retailers, it said has entered into a three-week special negotiation period To acquire Kohl’s at $60 a share. The franchise group said it would come in at $1 billion, but most of the deal would be financed by selling Kohl’s real estate.