RTTNews | Dec 6, 2021 10:30AM EST

10:30 Monday, December 6, 2021 (RTTNews.com) - The retail company, Kohl's Corporation (KSS), saw its stock trade 7% higher in the Monday market after one of the investors in the company sent the board of directors a letter explaining opportunities for value creation.

Engine Capital LP, the holder of approximately 1% of Kohl's outstanding shares, advised the company to separate its eCommerce platform from its LegacyCo. The investor also believes that the e-commerce platform alone can be conservatively valued at $12.4 billion and therefore the company should concentrate on building on it eCommerce business to get out of the present financial crisis.

The investor also asked the board to sell the company to an investor who would be willing to pay a 50% or $75 per share premium to buy the company. The letter added, "We urge the Board to be this agent of change and publicly commit to a review of strategic alternatives to create value for shareholders."

Following the news, the stock is currently trading at $52.27, up $3.82 or up 7.88% since its previous close at $48.45. The stock opened at $50.74 in the morning. In the 52-week period, the shares have ranged between $36.78 and $4.80.

Read the original article on RTTNews ( https://www.rttnews.com/3247119/kohl-s-up-6-on-possible-diversification-options.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved