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A group of activist investors has a significant stake in Kohl’s Corp. and is trying to take control of the board of directors of the department store chain, according to people familiar with the matter.
A group that includes activists Macellum Advisors GP LLC, Ancora Holdings Inc. and Legion Partners Asset Management LLC, as well as 4010 Capital LLC, controls a combined 9.5% stake in Kohl’s and earlier this year appointed nine people to its staff of 12 people. board of directors, people said.
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