KSS exclusive negotiations for buyout. Arbitrage opportunity!

NYSE:KSS   Kohl's Corporation
Kohl's Corp is in exclusive talks with the Franchise Group ( FRG ) over a possible $8 billion takeover.

Franchise Group to pay $60 a share for Kohl's.
The deal has entered a three-week exclusive discussion window.

From this price level there is a 45.44% arbitrage opportunity if the deal goes through.

Looking forward to read your opinion about it!


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