Sears Holdings Announces Results of Its Offer for Shares of Sears Canada
Sears Holdings Corporation (NASDAQ: SHLD) today announced that its offer for shares of Sears Canada expired at midnight (Vancouver time) on November 27, 2006. SHLD Acquisition Corp., a wholly owned indirect subsidiary of Sears Holdings Corporation, has acquired an aggregate of 17,839,873 common shares of Sears Canada pursuant to the offer. Sears Holdings Corporation now owns, directly or indirectly, 75,572,290 common shares of Sears Canada or 70.2% of Sears Canada's issued and outstanding common shares.
About Sears Holdings Corporation
Sears Holdings Corporation is the nation's third largest broadline retailer, with approximately $55 billion in annual revenues, and with approximately 3,800 full-line and specialty retail stores in the United States and Canada. Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands. It also has Martha Stewart Everyday products, which are offered exclusively in the U.S. by Kmart and in Canada by Sears Canada. The company is the nation's largest provider of home services, with more than 13 million service calls made annually. For more information, visit Sears Holdings' website at .
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