JCPenney owners offer to buy archrival Kohl's for $8.6B

The owners of JCPenney have made an offer to acquire archrival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion, The New York Post has learned.

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JCPenney owners are 'set to offer to buy Kohl's' in deal that could value chain at $8.6 billion