December 4, 2006,
Sears Acquires 70% of Sears Canada
With its offer deadline expiring last week, Sears Holdings Corporation now holds considerably less than the 100% of Sears Canada shares it had sought. The company said its subsidiary, SHLD Acquisition Corp., acquired an aggregate of 17,839,873 common shares of Sears Canada and that Sears Holdings 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.
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