Kmart Buying Sears in $11 Billion Deal
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Discount retailer Kmart Holding Corp.  KMRT.O will buy department store operator Sears, Roebuck &  Co. S.N in a surprise $11 billion deal that creates the  third-largest U.S. retailer, the companies said on Wednesday.
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Discount retailer Kmart Holding Corp.  KMRT.O will buy department store operator Sears, Roebuck &  Co. S.N in a $11.5 billion deal unveiled on Wednesday that  will create the third-largest U.S. retailer.
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Sears, Roebuck & Co. S.N and  discount retailer Kmart Holding Corp. KMRT.O on Wednesday  said they would merge in an  $11 billion deal to form the  third-largest U.S. retailer.
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Kmart Holding Corp. reported its fourth straight quarterly profit Wednesday, but most investors&#39; focus was on the discount retailer&#39;s $11 billion acquisition of Sears, Roebuck and Co.
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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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Kmart (KMRT:Nasdaq - news - research) continued to make progress realizing value for its real-estate portfolio Monday, completing an agreement to sell 18 stores to Home Depot (HD:NYSE - news - research) for $271 million.
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U.S. stocks advanced on Wednesday  after Kmart's plan to buy Sears in an $11.5 billion  deal was  announced and computer maker Hewlett-Packard Co. HPQ.N posted  solid earnings, but higher oil prices prompted some investors  to sell equities.
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TROY, MI-Kmart and Sears have closed a deal in which Kmart will sell 50 stores to Sears for $575.9 million. Troy-based Kmart Holding Corp.
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TROY, MICH. - Kmart Holding Corp. will sell 45 of its stores to Sears, Roebuck and Co. for $524 million, Kmart said late last week.
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NEW YORK - Retailer Kmart Holdings Corp. on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc. for $271 million.
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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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Description: NPR&#39;s Liane Hansen speaks with retail analyst Lois Huff about last week&#39;s announcement of warehouse giant K-Mart&#39;s intent to purchase the aging department store Sears.
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STOCKS surged today as investors shrugged off a fresh indicator of rising inflation and welcomed an $US11 billion deal that combines retailers Kmart Holding Corp and Sears, Roebuck and Co.
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Description: Two of the nation&#39;s oldest and best-known retailers -- Sears, Roebuck and Co. and Kmart -- agree to merge in a deal worth an estimated $11 billion.
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Stocks surged Wednesday as investors shrugged off a fresh indicator of rising inflation and welcomed an $11 billion deal that combines retailers Kmart Holding Corp.
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Discount retailer Kmart Holding Corp. and department store operator Sears, Roebuck &amp; Co. said Wednesday that they agreed to merge in an $11 billion cash and stock deal that will create the nation&#39;s third largest
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Kmart Holding Corporation, parent company of the discount retail chain, said it had finalized the sale of 50 stores to Sears, Roebuck and Co for 575.9 million dollars in cash.