A Weekly Update on Special Situations
Kohl’s $KSS reportedly received bids from Sycamore Partners and Franchise Group $FRG. Reports that negotiations could drag on for weeks amid challenging macro backdrop. [Kohl's now in exclusive discussions with Franchise Group).
Afya $AFYA 40% shareholder Bertelsmann SE disclosed in 13D that it plans to purchase $129mm additional shares.
Overstock $OSTK investor Simcoe Capital disclosed a 6% stake in 13D filing.
Tabula Rasa HealthCare $TRHC investor Indaba Capital disclosed a 20% stake and intention to engage with management in 13D filing.
WisdomTree $WETF entered into a cooperation agreement with Lion Point and ETFS Capital.
XPO Logistics $XPO filed a Form 10 registration statement for the planned spin-off of its brokered transportation platform.
Qualcomm $QCOM reportedly interested in acquiring a stake in Softbank’s Arm.