Sears and Kmart to Merge
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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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Kmart and Sears announced an $11 billion merger that will make it the third largest retailer in the country. Exactly how the merger might affect the two Tullahoma outlets is still uncertain.
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Kmart and Home Depot have finalized the terms of their deal which will see the sale of 18 Kmart stores to the home-improvement super chain for $271 million in cash.
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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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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 parent company of the Sweetwater Kmart, Kmart Holding Corp., announced on Wednesday that they are acquiring department store chain Sears, Roebuck and Co.
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Two struggling retailers with dismal sales merge, and how do investors react? They send the stocks of both companies soaring. With last week&#39;s surprise announcement that Kmart Holding Corp.
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AILING US stores giant Kmart is hoping that sharing a sick bed with rival Sears Roebuck will cure its ills. The pair, under siege from Goliaths Wal-Mart and Target, yesterday unveiled plans for a Â£6bn merger.
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Eddie Lampert became a billionaire with his hedge fund. But combining Kmart and Sears may be his biggest challenge. By Ron Insana.
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Two closed Kmart stores in the Tampa Bay area are among 50 nationwide acquired by Sears, Roebuck and Co. in a $576-million deal announced Wednesday.
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Kmart Holding Corp. posted its fourth straight quarterly profit on Wednesday as the discount retailer and Sears, Roebuck and Co. announced an &#36;11 billion merger.
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Description: NPR&#39;s Liane Hansen speaks with retail analyst Lois Huff about last week&#39;s announcement of warehouse giant K-Mart&#39;s intent to purchase the aging department store Sears.
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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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Retailer Kmart Holdings Corp. (KMRT.O: Quote, Profile, Research) on Monday finalized a deal to sell 18 of its stores to Home Depot Inc.
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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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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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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.