Kohl's: Buyout offers undermine value of business

FILE - A shopper arrives at a Kohl's store in West Des Moines, Iowa, on Thursday, Feb. 25, 2021. Kohl’s says that recent offers to purchase the department store chain undervalue its business, and it is adopting a shareholder rights plan to head off any hostile takeovers. The shareholder rights plan is effective immediately and expires in a year. (AP Photo/Charlie Neibergall, File)