--Simon Property Group Inc. and Brookfield Asset Management Inc., the owners of retailer JCPenney, have made an offer to buy Kohl's, The New York Post reports Monday, citing "sources close to the talks."

--The deal could value Kohl's at more than $8.6 billion, the report said.

--A spoksperson for Kohl's said the company doesn't comment on rumors or speculation.

--Requests for comment from Simon Property and Brookfield weren't immediately returned.

Full story: https://nypost.com/2022/04/25/jcpenney-owners-offer-to-buy-archrival-kohls-for-8-6b/

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 25, 2022 14:36 ET (18:36 GMT)

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