Troubled retailers Sears, Kmart merge
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Two battered icons of the American shopping landscape, Kmart and Sears, yesterday announced an $11 billion merger that will create the nation&#39;s third largest retailer, with 3,500 stores.
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Two of the biggest names in the retail world are becoming one. In an announcement Wednesday, Kmart and Sears, Roebuck &amp; Co. have agreed to merge in a deal totalling $11 billion.
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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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Two days after a pair of the country&#39;s oldest, largest retail companies announced they would join forces, managers at the Bay Area&#39;s Sears and Kmart outlets were guarded in their
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Two retail giants announced a merger on Wednesday that could mean job loss in Terre Haute and nationally. Kmart Holding Corp. and Sears, Roebuck and Co.
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Alan J. Lacy will not be the top man at Sears, Roebuck &amp; Company any longer if the announced merger with Kmart is completed. But he will receive a raise and could take out more than $20 million by cashing out his existing options on Sears stock.
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The discount retailer Kmart Holding Corp. is combining with one of the most venerable names in U.S. retailing, Sears, Roebuck &amp; Co., in an &#36;11 billion deal that will create the nation's third largest retailer.
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Kalamazoo-area Kmart customers say that store&#39;s merger with Sears could mean stiff competition for retail powerhouses such as Wal-Mart.
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NEW YORK - US department store operator Sears, Roebuck &amp; Co. and discount retailer Kmart Holding Corp. Wednesday said they would merge in an $11 billion deal to form the third-largest US retailer.
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The Nov. 17 announcement that Kmart would be attempting to acquire Sears stores in a $11 billion deal sent shockwaves throughout the financial world.
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Department store group Sears and discount retailer Kmart say they are to merge in a $11bn deal, becoming the US's third largest retailer.
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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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HAMILTON -- It was like the uniting of aging titans -- the surprise announcement yesterday that Sears, the company that brought Americans the bible of catalogue sales, and Kmart, the store that brought us the blue-light special, will be merging to form a
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Wednesday&#39;s announcement that Kmart is acquiring Sears in an $11 billion deal spawned a lot of questions and comments at the Rolla outlets of the two companies.
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The US retail companies Sears Roebuck and Company and K-Mart have agreed to merge in a deal they say is worth $11 billion. The merger announced early Wednesday will create a new company called Sears Holding Corporation.
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Kmart Holding Corp. and Sears, Roebuck  & Co. on Friday said the waiting period for their merger under  the Hart-Scott-Rodino antitrust act expired Thursday.
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BIRMINGHAM, Ala. -- Two big stores are preparing for a mega-merger. Kmart Holding Corp. and Sears, Roebuck and Co. have decided to join forces.