J.C. Penney reportedly looking to acquire Kohl's

[TheFugitive]

J.C. Penney has reportedly proposed to acquire rival Kohl's for $68 per share.

https://www.foxbusiness.com/markets/jcpenney-owners-offer-buy-archrival-kohls-8-6b

Given that JCP essentially tanked itself with a series of bad decisions in recent years
it's hard to see how this turns out well.

[Retail_247]

The Hudson's Bay Company is trying to acquire Kohl's as well. I wonder which company (HBC or JCP) will eventually become the new owner of Kohl's.