Former Prime Minister Stephen Harper's hedge fund purchased a stake in Kohl's, causing a 6.4% share increase and urging the company to consider a sale.

Kohl's stock rose 6.4% after reports surfaced that an activist hedge fund, Vision One Management Partners, chaired by former Canadian Prime Minister Stephen Harper, is pushing the company to consider selling itself due to concerns about its future. Vision One has acquired a stake in Kohl's and is pressuring the company for a sale process and board representation. The company's stock has been volatile over the past year, experiencing 40 moves greater than 5%.

February 06, 2024
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