Activist Investor Macellum Prepares Kohl's Board Challenge
NEW YORK (Reuters) - Activist hedge fund Macellum Advisors GP LLC is planning to nominate directors to Kohl's Corp's board because it believes the U.S. retailer has not done enough to improve its business, two people familiar with the matter said. It would be the second time that Macellum has pushed for changes at Kohl's. It sought to replace nine board directors earlier this year in a campaign conducted with hedge funds Ancora Holdings Inc and Legion Partners Asset Management LLC...
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