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.
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