US retailers Sears, Kmart to merge
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Sears, Roebuck and Co. and Kmart Holding Corporation announced an agreement to merge into a new retail giant named Sears Holdings Corporation by March 2005, in a deal worth some 11 billion dollars (8.4 billion euros).
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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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BIRMINGHAM, Ala. -- Two big stores are preparing for a mega-merger. Kmart Holding Corp. and Sears, Roebuck and Co. have decided to join forces.
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Kmart Holding Corporation, parent company of the discount retail chain, said it had finalized the sale of 50 stores to Sears, Roebuck and Co for 575.9 million dollars in cash.
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Sears Roebuck & Co.  will change its listing to the Nasdaq Stock Market after its purchase by Kmart Holdings Corp. , ending the retailer's nearly 100-year association with the New York Stock Exchange.
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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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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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Retailer Sears, Roebuck &amp; Co. on Wednesday said it completed the planned acquisition of 50 stores from Kmart Holding Corp., agreeing to pay $575.
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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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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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Sears and Kmart have attracted more attention lately for their real estate than their retailing prowess. The companies, which agreed to merge in an $11-billion deal last week, have garnered investors&#39; interest
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NEW YORK, September 29  - Sears Roebuck &amp; Company (S.NYS) has finalized its previously announced acquisition of 50 stores from Kmart Holding Corporation (KMRT) for $575.
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(November 18, 2004) - Amid talk of store closings, staff layoffs and name changes, shoppers and others are watching to see how the announced merger of Kmart and Sears will affect Rochester retailing.
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The discount retailer Kmart announced yesterday an $11bn (Â£5.9bn) acquisition of Sears Roebuck, bringing two of the best-known names in American retailing under one roof.
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The fate of two local retail stores may not be known for months in the wake of the announcement Wednesday of the $11 billion merger of Kmart and Sears.
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Kmart finalizes a revised deal worth $271M, has an option to sell another store to Home Depot. NEW YORK  - Kmart finalized Monday a deal to sell 18 of its stores to Home Depot Inc.
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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.