Kohl’sAfter the Wednesday morning meeting, shares rose by more than 5 percent a reportAnother department store chain was rumored to be considering a purchase of the retailer.

Hudson’s Bay, a Canadian department store chain, is looking at a possible bid. Axios reported that Hudson’s Bay was informed by multiple sources.

Axios reported that Sycamore Partners, a private equity firm is considering making a bid to buy Kohl’s. The report says that Sycamore Partners has not yet confirmed whether they are serious about the bid.

CNBC reached out to Sycamore, Hudson’s Bay, and Kohl’s representatives for comments.

As Kohl’s already made an offer of Acacia Research of $64 per Share, the rumors about potential suitors are true. was too low. Kohl’s shares were open Wednesday at $54.46 Stock is currently up approximately 14%.

This is a developing story. Stay tuned for new updates.