Sears looks to raise $500M with Hometown, Outlet spinoff
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Sears looks to raise $500M with Hometown, Outlet spinoff

Chicago : IL : USA | Apr 30, 2012 at 4:20 PM PDT
Source: Chicago Tribune
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Aiming to raise up to $500 million in liquidity for the struggling retailer, Sears Holdings Corp. filed registration documents with Securities and Exchange Commission to spinoff its hardware and outlet stores. According to the prospectus filed Monday, shareholders will get the right to buy one... FULL ARTICLE AT Chicago Tribune
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A man walks out of a Sears store in Milford
A man walks out of a Sears store in Milford
 
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  • Sears seeks up to $500 million in spinoffs

      Chicago-Sun Times
    GUY Business Reporter sguy@suntimes.com April 30, 2012 8:28PM Updated: April 30, 2012 8:42PM Sears Holdings Corp. detailed late Monday the revenue it expects to get from spinning off its Sears Hometown and outlet stores $400 million to $500 million...

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