Report: Retailer Kohl's Considering Deal To Go Private

Shares of Kohl's Corporation KSS were trading higher by nearly 3 percent at $49.18 on Monday following a report by The Wall Street Journal that the company is considering strategic options - including a move to take the company private. Kohl's stock is lower by around 18 percent over the past year and lower by more than 40 percent since peaking at $79.60 back in April, 2015. The Wall Street Journal, citing a person who is familiar with the matter, noted that Kohl's Board of Directors is expected to discuss its options in more detail during the coming week. The publication also added that a sale to a private equity buyer is an idea that management previously rejected even though it has received interest from potential buyers.