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Report: JCPenney owners make bid for Kohl's

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The owners of JCPenney reportedly made an offer to buy rival retailer Kohl's.

The offer from Simon Property Group and Brookfield Asset Management values Kohl's at more than $8.6 billion, according to media reports.

Those same companies bought JCPenney out of bankruptcy for $1.8 billion in 2020.

Read more from MoneyWatch.

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