Sears, Kmart agree to merge in $11B deal
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NEW YORK - US department store operator Sears, Roebuck &amp; Co. and discount retailer Kmart Holding Corp. Wednesday said they would merge in an $11 billion deal to form the third-largest US retailer.
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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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Kmart Holding Corp. and Sears, Roebuck and Co. merged in an $11 billion stock and cash deal that will create the country&#39;s third-largest retailer, after Wal-Mart and Home Depot.
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Lands&#39; End and Kmart? There&#39;s just no match, a UW- Madison professor said Wednesday, reacting to the announcement that Kmart plans to buy Sears, parent company of Lands&#39; End, for $11 billion.
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Discount retailer Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) will buy department store operator Sears, Roebuck &amp; Co.
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Discount retailer Kmart Holding Corp.  will buy department store operator Sears, Roebuck & Co. in a  $11.5 billion deal unveiled on Wednesday, creating the  third-largest U.S. retailer.
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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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TROY, MICH. - Kmart Holding Corp. will sell 45 of its stores to Sears, Roebuck and Co. for $524 million, Kmart said late last week.
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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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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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Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) said on Thursday it would sell 45 stores for $524 million to Sears, Roebuck and Co.
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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 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. , the discount chain pulled from bankruptcy by hedge fund operator Edward Lampert, will buy Sears, Roebuck & Co.  for &#36;10.85 billion in a bold play to revive two of America's best-known, but long-struggling, retail brands.
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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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Sears and Kmart are planning to merge. With the merge, they will become the third largest US retailer, with combined revenue of $55B and more than 3,500 store locations.
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U.S. stocks rose on Wednesday as  retailers Kmart and Sears announced a $11.5 billion merger,  signaling corporate America's confidence in the economy, while  Hewlett-Packard's better-than-expected earnings helped boost  tech shares with the hope of increased spending in the sector.