Kohl's explores acquisition of At Home Group [CNBC]
At Home Group, Inc (HOME)
Last at home group, inc earnings: 3/24 04:05 pm
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US:NASDAQ Investor Relations:
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Source: CNBC
Kohl's explores acquisition of At Home Group U.S. department store operator Kohl's At Home Kohl's recently started conversations with At Home to explore a deal, the sources said. At Home has been exploring a sale for the last three months, and is already in advanced deal negotiations with private equity firms, including Hellman & Friedman, the sources added. There is no certainty that an offer from Kohl's will materialize as a result of the preliminary discussions, and At Home may revert to trying to sell itself to a buyout firm, the sources added, asking not to be identified because the matter is confidential. Kohl's and At Home did not immediately respond to requests for comment, while Hellman & Friedman declined to comment. As of the end of trading on Tuesday, At Home Group had a market capitalization of $1.3 billion. —CNBC's Nadine El-Bawab contributed to this report.
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