Sears Holdings mails offer to buy Sears Canada shares
10 Feb '06
2 min read
Lacy added, "The work of the independent valuator does not take into account a number of factors that are critical to accurately valuing Sears Canada. As the valuator did not adequately account for these key elements, shareholders should reject its conclusions. We are confident that shareholders of Sears Canada will recognize that our offer is a full and fair price that provides immediate liquidity to all shareholders."
Sears Holdings Corporation is the third largest broadline retailer in North America with approx. $55 billion in annual revenues, and with approx. 3,900 full-line and specialty retail stores in the United States and Canada.
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