Update 4: Kmart, Sears to Merge in $11 Billion Deal
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The discount retailer Kmart Holding Corp. is combining with one of the most venerable names in US retailing, Sears, Roebuck &amp; Co.
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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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US department store operator Sears, Roebuck &amp; Co. (SN: Quote, Profile, Research) and discount retailer Kmart Holding Corp. (KMRT.
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LET&#39;S assume that the merger of Kmart and Sears is exactly what it&#39;s being sold as: a way to combine the remaining strengths of two well-known but struggling retailers.
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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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The deal will create a 550-store $11 billion supermarket chain, the latest merger in the quickly consolidating grocery industry.
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Kmart is acquiring Sears, Roebuck &amp; Company for $11 billion with the combined estimated earnings of the two making it the third-largest retailer in the United States.
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Discount retailer Kmart Holding Corp. is combining with one of the most venerable names in US retailing, Sears, Roebuck &amp; Co., in a surprise $11 billion deal that will create the nation&#39;s third largest retailer.
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Kmart Holding Corp and Sears, Roebuck and Co said Wednesday that they are merging to form a new retail company called Sears Holdings Corp that will be the US&#39; third-largest retailer with about US$55 billion in annual revenues.
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Two closed Kmart stores in the Tampa Bay area are among 50 nationwide acquired by Sears, Roebuck and Co. in a $576-million deal announced Wednesday.
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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.
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What will happen to Grass Valley&#39;s Kmart and Sears stores remains to be seen after their parent firms announced a merger Wednesday.
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Kmart finalizes a revised deal worth $271M, has an option to sell another store to Home Depot. NEW YORK  - Kmart finalized Monday a deal to sell 18 of its stores to Home Depot Inc.
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TOLEDO -- Attention Kmart shoppers, the discount retailer is buying Sears. Wednesday, Kmart Holding announced its $11 billion purchase of Sears Roebuck.
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Sears, Roebuck &amp; Co. and discount retailer Kmart Holding Corp. said on Nov. 17, 2004, that they would merge in an $11 billion deal to form the third-largest US retailer.
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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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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.