JCPenney owners offer $8.6 billion for Kohl's

Bloomberg

Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl's in a deal that would be worth more than $8.6 billion, according to a report in the New York Post.

Simon and Brookfield, which bought rival department-store chain JCPenney out of bankruptcy, have offered $68 a share, according to people with knowledge of the talks who the Post didn't identify.