Area consumers weigh in on Kmart-Sears merger
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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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Is merger mania taking over the retailing industry? After several sleepy years on the acquisition front, merger activity picked up dramatically this year, capped by Kmart
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TOLEDO -- Attention Kmart shoppers, the discount retailer is buying Sears. Wednesday, Kmart Holding announced its $11 billion purchase of Sears Roebuck.
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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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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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TORONTO (CP) - Stocks finished higher Wednesday but well off highs of the day, as a runup in the price of oil cooled investor response to a merger between US retail giants Kmart and Sears, Roebuck and strong economic data.
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The Dallastown resident said he&#39;d wager that the $11 billion merger of Kmart Holding Corp. and Sears, Roebuck and Co. will create a stronger retailer that is better equipped to compete with discount chains such as Wal-Mart and Target.
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Many Kmart and Sears employees in metropolitan Indianapolis strolled into their jobs Wednesday morning unaware that their companies&#39; planned to tie the knot in an $11 billion merger.
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What will happen to Grass Valley&#39;s Kmart and Sears stores remains to be seen after their parent firms announced a merger Wednesday.
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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 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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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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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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Kmarts in Rochester Hills and Woodhaven are among the 50 stores the discount chain will sell to Sears Roebuck &amp; Co. Employees and civic leaders were understandably upset Wednesday after Kmart
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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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Description: Two of the nation&#39;s oldest and best-known retailers -- Sears, Roebuck and Co. and Kmart -- agree to merge in a deal worth an estimated $11 billion.