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Kmart deals for Sears
Tribune staff reportersIn a stunning move that could forever alter one of Chicago's most enduring business icons, Kmart Holding Corp. pounced on Sears, Roebuck and Co. today in a $11 billion merger. The new Sears Holdings Corp. will become the nation's third-largest retailer...Tags: Bankruptcy, Corporate Officers, Target Brands, Inc., Auto Trends, Nordstrom, Inc.
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REIT's move may have spurred Lampert to act
Tribune staff reporterVornado Realty Trust's unexpected disclosure that it had acquired a significant stake in Sears, Roebuck and Co. may have kick-started investor Edward Lampert's plan to merge the company with his Kmart Holding Corp. "Vornado's purchase stimulated activity...Tags: California, New York, Connecticut, Mutual Funds, Mergers, Acquisitions and Takeovers
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Kmart chief's moves may mean merger with Sears
Tribune staff reporterAn investor tied to both Sears, Roebuck and Co. and rival Kmart Holding Corp. may move to significantly increase his stake in Sears and possibly propose to merge the two struggling companies, a key source close to the negotiations said late Tuesday. An...Tags: Bankruptcy, Target Brands, Inc., Auto Trends, Nordstrom, Inc., Homes
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Kmart snaps up Sears for $11 billion
In a bold move that shakes up one of Chicago's most enduring business icons, Kmart Holding Corp. pounced on Sears, Roebuck and Co. Wednesday in a merger valued at $11 billion. The new company, which will be called Sears Holdings Corp., will become the...Tags: Bankruptcy, Corporate Officers, Target Brands, Inc., Nordstrom, Inc., Tools and Hardware
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Speculation surrounds Sears' fate
Tribune staff reportersIt may seem far-fetched that a retailer as massive as Sears, Roebuck and Co. could ever be dismantled to tap the underlying value of its real estate. After all, the Hoffman Estates-based company is an American icon. It has $9.5 billion in market value,...Tags: Bankruptcy, San Francisco, Target Brands, Inc., Auto Trends, Nordstrom, Inc.
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Sears stock soars 23% after REIT investment
Tribune staff reportersThe disclosure of a large investment in Sears, Roebuck and Co. by a real estate trust known for liquidating retail assets sparked a 23 percent gain in Sears' stock on Friday. Vornado Realty Trust, which owns the Merchandise Mart, shopping malls and...Tags: Economy, Business and Finance, Lehman Brothers Holdings Inc., Finance, Companies and Corporations, Sears, Roebuck and Co.
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REIT's purchase of Sears shares grabs attention of stock analysts
Why would a real estate investment trust buy 4.3 percent of the stock of Sears, Roebuck and Co.? Retail followers at Prudential Equity Group and Goldman Sachs Group Inc. aren't sure they know the answer, but they're intrigued enough by Vornado Realty...Tags: Personal Service, Santa Monica, Real Estate, Goldman Sachs Group, Inc., New York
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Kmart acquiring Sears in $11.5 billion deal
Chicago Tribune staff reportersThe owner of Kmart stores is taking over Sears, Roebuck & Co. and will operate both stores under their separate names, the two companies said today. The combined Sears Holdings Corp. will be based out of Sears' Hoffman Estates, Ill., headquarters, but...Tags: Bankruptcy, Corporate Officers, Target Brands, Inc., Auto Trends, Hoffman Estates
Nov 17, 2004
|Story| Chicago Tribune
Nov 18, 2004
|Story| Chicago Tribune
Nov 17, 2004
|Story| Chicago Tribune
Nov 18, 2004
|Story| Chicago Tribune
Nov 14, 2004
|Story| Chicago Tribune
Nov 6, 2004
|Story| Chicago Tribune
Nov 9, 2004
|Story| Chicago Tribune
Nov 17, 2004
|Story| Chicago Tribune
Original site for Vornado Realty Trust topic gallery.