Sears Holdings Completes Partial Spin-off of Interest in Sears Canada
Cecile Corral -- Home Textiles Today, November 27, 2012
Sears Holdings Corporation completed its previously announced spin-off of a portion of its interest in Sears Canada Inc.
Sears Holdings distributed about 44.5% of the total issued and outstanding common shares of Sears Canada on a pro rata basis to holders of Sears Holdings common stock. Following the partial spin-off, Sears Holdings has an approximately 51% ownership interest in Sears Canada.
Sears Holdings will continue to be listed on the NASDAQ Global Select Market under the symbol "SHLD," and Sears Canada will continue to be listed on the Toronto Stock Exchange under the symbol "SCC".
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