Customers are leaving a cabbage store on November 12, 2015 in San Rafael, California.
Justin Sullivan | Getty Images News | Getty Images
USA. The department store operator Kohl & # 39; s has turned to At Home to announce its interest in acquiring the US retailer of home decor.
A deal would help Kohl's expand its customer base focusing on women, men and children's clothing, and strengthen its presence in the household goods category, which traditionally made up a small part of its business.
Kohl's share fell nearly 2% late Wednesday, while At Home's shares rose more than 7%.
Kohl has recently entered talks with At Home to investigate a deal. At Home has reviewed sales over the last three months and is already in advanced contract negotiations with private equity firms, including Hellman & Friedman.
There is no certainty that an offer of Kohl's as such comes about. The result of the preliminary talks could be that At Home again tried to sell itself to a buy-out company, added the sources and asked not to be identified because the matter is confidential.
Kohl & # 39; s and At Home did not immediately respond to requests for answers while Hellman & Friedman declined to comment.
At the close of trading on Tuesday, the At Home Group had a market capitalization of $ 1
– Nadine El-Bawab of CNBC contributed to this report.