Sears and Kmart Agree to Merge in $11 Billion Deal
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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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Ed Lampert came out of stealth mode when he announced the acquisition of Sears (S:NYSE - news - research) by Kmart (KMRT:Nasdaq - news - research) Wednesday.
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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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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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Retailer Kmart Holdings Corp. (KMRT.O) on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc. (HD.N) for &#36;271 million.
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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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Retailer Kmart Holdings Corp. KMRT.O  on Monday finalized a deal to sell 18 of its stores to Home  Depot Inc. HD.N for $271 million.
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One catalog expert offered some advice for Kmart chairman Edward Lampert regarding yesterday&#39;s news that Sears and Kmart will merge into a single entity: Don&#39;t touch Lands&#39; End.
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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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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,  creating the third-largest U.S. retailer.
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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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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
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U.S. stocks ended higher 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.
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NEW YORK (CBS.MW) -- Shares of rival retailers fell in Wednesday trading following the news of Kmart buying Sears for $11 billion.
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New York -- Few things stir the heart of stock investors like a huge merger deal. And last week&#39;s shotgun wedding between Kmart and Sears, two limping retailers, was no exception.
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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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The monster merger between Troy, Mich.-based Kmart Holding Corp. and Hoffman Estates, Ill.-based Sears Roebuck &amp; Co. may have local impact.