The fizz could go out of Sears merger euphoria
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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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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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Since emerging from bankruptcy in May 2003, the company has undergone a dramatic turnaround, seen an almost eight-fold increase in its stock price and now plans to buy department store operator Sears, Roebuck (S:NYSE - news - research) for about $11
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TRAVERSE CITY - Word of the merger between retail giants Sears and Kmart struck some local shoppers like an out-of-the-blue-light special - while others found it as exciting as a 25-cent rebate.
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With merger and acquisition fever said to be waning, which deals will be the ones to work out?
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The merger of Sears, Roebuck &#38; Co. and Kmart Holding Corp. will produce a retailer to be known as Sears Holdings Corp. The combined company has applied to list its stock on Nasdaq under a yet-to-be-announced stock symbol, the two companies said in merger documents filed Tuesday.
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With merger-and-acquisition fever said to be waning, which deals will be the ones to work out?
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The fact that neither Kmart or Sears has faired well against Wal-Mart may leave some people wondering if the combined company can do any better.
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As mergers surge, which deals will work out?
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When resurgent discount retailer Kmart (Nasdaq: KMRT) branded a new CEO, it was rumored that chairman Edward Lampert might have designs on merging the company with Sears (NYSE
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The retailer's first quarter might make pessimists wonder if they were wrong.
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The world's leading retailer may be ready to nibble at smaller concepts.
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NEW YORK -- Sears and K-mart say they will save $500 million a year if their merger goes through. Some of that will be in job cuts, though the companies aren&#39;t saying how many.
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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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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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Wall Street analysts were sent reeling by the surprise $11 billion (Â£6bn) merger of retailers Sears Roebuck and Kmart. The deal, which was unanimously approved by both companies
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Stocks jumped on Wednesday on news of  a merger between retailers Kmart and Sears,  better-than-expected earnings from computer maker  Hewlett-Packard and government data showing a moderate rise in  a key U.S. inflation measure.