Kmart, Sears Merger Could Change Low-Cost Shopping
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CHICAGO -- Two companies famous for blue-light specials and monstrous catalogs are joining forces to become the third-largest retailer in the United States.
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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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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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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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Some stores could close, but popular merchandise could be more widely available in Arizona after Wednesday&#39;s announcement of Kmart Holding Corp.
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Discount retailer Kmart Holding Corp. and department store operator Sears, Roebuck &amp; Co. said Wednesday that they agreed to merge in an $11 billion cash and stock deal that will create the nation&#39;s third largest
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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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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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Kmart, fresh from bankruptcy and ready for action, is buying Sears in a surprising $11 billion gamble aimed at helping the two chains survive the onslaught of their giant competitors Wal-Mart and Target.
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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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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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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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Kmart Holding Corp. KMRT.O, the  discount chain pulled from bankruptcy by hedge fund operator  Edward Lampert, will buy Sears, Roebuck & Co. S.N for $10.85  billion in a bold play to revive two of America's best-known,  but long-struggling, retail brands.
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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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The world's leading retailer may be ready to nibble at smaller concepts.
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TROY, MI-Kmart and Sears have closed a deal in which Kmart will sell 50 stores to Sears for $575.9 million. Troy-based Kmart Holding Corp.
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Kmart (KMRT) has just pulled the rough equivalent of a refrigerator out of its hat. Make that a Kenmore brand refrigerator from Sears (S).