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Article: Kmart stock soars on takeover talk. (Brief Article)
- Article from:
- Daily News Record
- Article date:
- November 20, 1996
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Copyright informationCOPYRIGHT 1996 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Kmart Corp. stock went wild Tuesday on rumors that Kohlberg Kravis Roberts & Co. was interested in buying the discount chain.
Both KKR and Kmart declined comment on the reports as a matter of policy.
Kmart stock shot to the top of the New York Stock Exchange's most-active list as 14.8 million shares changed hands and the stock ran up 1 5/8 to 11 1/4, ...
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