Kmart finalizes sale of 50 stores to Sears
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Kmart Holding Corp. has finalized the sale of 50 of its stores to Sears, Roebuck and Co. for $575 million, the retailer said Wednesday.
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Sears, Roebuck & Co. and Kmart Holding  Corp. on Wednesday said they would merge in an $11 billion deal  to form the third-largest U.S. retailer.
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Kmart, fresh from bankruptcy and ready for action, is buying Sears in a surprising $11 billion gamble aimed at helping the two chains survive the onslaught of their giant competitors Wal-Mart and Target.
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The waiting period required under antitrust law has expired for discount retailer Kmart Holding Corp.'s planned &#36;11 billion acquisition of the Sears, Roebuck and Co. department store chain, the companies said Friday.
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Department store group Sears and discount retailer Kmart say they are to merge in a $11bn deal, becoming the US's third largest retailer.
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Retailer Kmart Holdings Corp. (KMRT.O: Quote, Profile, Research) on Monday finalized a deal to sell 18 of its stores to Home Depot Inc.
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Sears, Roebuck & Co. and Kmart Holding Corp. on Wednesday said they would merge in an &#36;11 billion deal to form the third-largest U.S. retailer.
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Retailer Sears Holdings Corp said on Friday that it would close two Sears stores in Hollywood, California, and New York City for business reasons.
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Some stores could close, but popular merchandise could be more widely available in Arizona after Wednesday&#39;s announcement of Kmart Holding Corp.
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Kmart (KMRT) has just pulled the rough equivalent of a refrigerator out of its hat. Make that a Kenmore brand refrigerator from Sears (S).
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In the hubbub of Wednesday&#39;s Kmart (nasdaq: KMRT - news - people ) and Sears Roebuck (nyse: S - news - people ) merger stunner, one name has quietly moved to the fore: Edward Lampert, chairman at the Big Red K and a Sears shareholder.
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Sears, Roebuck and Co. and Kmart Holding Corp. have agreed to merge to create what would be the third-largest US retailer, with $55 billion in annual revenue.
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Sears, Roebuck and Co. is limping into its proposed merger with Kmart. The department-store giant reported an 86 percent drop in fourth-quarter net earnings Thursday after shedding its profitable credit-card unit a year earlier, its results now solely dependent on sagging retail sales.
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Discount retailer Kmart Holding Corp. said Monday that it finalized a transaction to sell 18 stores to Home Depot Inc. for a total price of &#36;271 million in cash.
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The discount retailer Kmart announced yesterday an $11bn (Â£5.9bn) acquisition of Sears Roebuck, bringing two of the best-known names in American retailing under one roof.
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U.S. stocks rose on Wednesday as  retailers Kmart Holding Corp. KMRT.O and Sears, Roebuck & Co.  S.N announced an $11.5 billion deal, while computer maker  Hewlett-Packard Co. HPQ.N posted solid earnings.
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Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) said on Thursday it would sell 45 stores for $524 million to Sears, Roebuck and Co.