Kmart to buy Sears in $11B deal
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The fate of two local retail stores may not be known for months in the wake of the announcement Wednesday of the $11 billion merger of Kmart and Sears.
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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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The planned acquisition of Sears, Roebuck and Co. by Kmart Holding Corp. highlights a changing retail environment that could soon eliminate the department store as we know it, analysts and consultants said on Friday.
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The parent company of the Sweetwater Kmart, Kmart Holding Corp., announced on Wednesday that they are acquiring department store chain Sears, Roebuck and Co.
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US stocks rose as Kmart Holding Corp.&#39;s $11 billion offer for Sears, Roebuck &amp; Co. lifted retailers and Hewlett-Packard Co.
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Sears Roebuck and Co. has closed the acquisition of ownership or leasehold interest in 50 stores from Kmart Holding Corp., including one location on Oahu, the Chicago retailer said Wednesday.
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Kmart and Sears announced an $11 billion merger that will make it the third largest retailer in the country. Exactly how the merger might affect the two Tullahoma outlets is still uncertain.
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Retailer Kmart Holdings Corp. KMRT.O  on Monday finalized the deal to sell 18 of its stores to Home  Depot Inc. HD.N, for $271 million.
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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 & 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 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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The chief executive of Sears bought 50 Kmart stores as part of a plan to increase his company's presence outside of malls.
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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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Kmart Holding Corporation and Sears, Roebuck and Co. said today that they are merging to form a new retail company called Sears Holdings Corporation that will be the nation&#39;s third largest
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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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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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By Anne D&#39;Innocenzio, Associated Press, 11/18/2004 09:11. NEW YORK  The $11 billion deal between Kmart and Sears is seen as a high-risk gamble to some analysts, who say the struggling discounter and struggling