Reports that Starboard Value is leading a group that has offered $9 billion to acquire retailing giant Kohl’s has raised the profile of two small, obscure activist hedge funds — Macellum Advisors and Engine Capital Management.
The two little-known firms put Kohl’s in play over the past year, launching proxy fights and publicly pushing for change at the embattled retailer before Starboard made its public offer.
Macellum
