On Monday, Shares of Kohl’s Corporation (NYSE:KSS), subtract -1.10% and closed at $43.22 in the last trading session. KSS stock opened its last trade at $43.72 and after floating in a range of $42.95 to $44.35. The company’s Market capitalization is $7.51 Billion with the total Outstanding Shares of 180.00 million. During the 52-week trading session the minimum price at which share price traded, registered at $33.87 and reached to max level of $52.06. Kohls Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online through Website Kohls.com. As of January 30, 2016, it operated 1,164 department stores in 49 states.
NorthStar Asset Administration Group Inc (NYSE:NSAM), jumped 3.06% and closed at $13.15 in the last trading session. NSAM stock opened its last trade at $3.06 and after floating in a range of $12.80 to $13.20. The company’s Market capitalization is $2.47 Billion with the total Outstanding Shares of 189.00 million. During the 52-week trading session the minimum price at which share price traded, registered at $9.17 and reached to max level of $15.50. NorthStar Asset Administration Group Inc. (NSAM), Colony Capital, Inc. (CLNY) and NorthStar Realty Finance Corp. (NRF), recently declared the adoption of a best-in-class corporate governance structure for the pro forma combined company, Colony NorthStar, Inc. (“Colony NorthStar”, or the “Company”), and a contract to amend the terms of the definitive merger agreement declared on June 3, 2016, following which the three companies will combine to form Colony NorthStar in an all-stock transaction.
Colony NorthStar Best-in-Class Corporate Governance Structure
The amendment to the merger agreement provides for a best-in-class governance structure for Colony NorthStar.
New Independent Directors with Extensive Real Estate and Board Governance Experience. Colony NorthStar’s board will include two new independent directors, Jon A. Fosheim and Douglas Crocker II, who are each highly respected and recognized leaders in the real estate industry.
Board Size to be Reduced. Colony NorthStar’s board will be comprised of 10 directors (a reduction from formerly contemplated board size of 13 directors), with five members jointly selected by NSAM and NRF, counting Messrs. Fosheim and Crocker, and five members selected by Colony. At the closing of the transaction, eight of the ten directors of the Colony NorthStar board will be independent under NYSE rules, counting Colony’s four current independent directors.