twice connect
careers

Sears Holdings To Buy Sears Canada

12/19/2005 02:00:00 AM Eastern

Sears Holdings, which presently owns 54 percent of Sears Canada, is planning to buy the balance of outstanding shares of its northern namesake for $718.5 million in cash.

Following the transaction, which requires regulatory approval, the Canadian entity would become a wholly owned subsidiary of Sears Holdings.

In announcing the deal, Sears Holdings' vice chairman Alan Lacy noted that “Sears Canada will have a much greater opportunity to succeed with the benefits that will come with 100 percent ownership.”

PHOTOS
Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World