Kohl’s (KSS) confirmed Monday that there are at least two parties interested in acquiring the company, sending its stock price soaring during downward-trending morning trading.

As of Monday, at 10:24 a.m., Kohl’s stock price rose to $62.53, up by $15.69, or 33.5%. According to CNBC, as of Friday’s market close, Kohl’s had a market cap of $6.5 billion.

Kohl's said in a statement that the Board of Directors “will determine the course of action that it believes is in the best interests of the company and its shareholders.” The company also indicated that it will not comment further until “it is in the best interest of shareholders to do so.”

The two offers being considered are from Sycamore Partners, a private equity firm, and Acacia Research, an investment group. Sycamore said that it would pay $65 per share while Acacia said it would pay $64, the report said.

Reuters reports that Sycamore set $9 billion as a price for its potential takeover offer. According to CNBC, Sycamore’s offer came two days after Acacia’s.

Activist investment firm Starboard Value backs Acacia and would partner with Oakwood Real Estate Capital “to try and sell off Kohl’s real estate to raise more money.” However, the article notes that Kohl's has refused such offers in the past.

Michael Binetti of Credit Suisse has said that Khol’s could fetch a per-share value between $70 and $80.

“We do think there’s some merit to Kohl’s embracing a slightly more aggressive real estate strategy to bolster shareholder returns today,” Binetti wrote in a note to clients.

“KSS is a strong FCF [free cash flow] generator, and it doesn't seem to be getting credit by the market, making it reasonable to consider offers," said Citi analyst Paul Lejuez, according to Reuters.