Sears mulling over unloading Canada business


Sears Holdings (SHLD) says it's considering selling Sears Canada.

A sale of the company's 51% stake or putting the whole business up for sale are both options which are being considered.

The board at Sears Canada has indicated it will cooperate in the process.

SHLD +7.5% to $46.48.

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Comments (6)
  • bivalve
    , contributor
    Comments (26) | Send Message
     
    this could be a massive payday for SHLD
    14 May 2014, 08:03 AM Reply Like
  • Energysystems
    , contributor
    Comments (2069) | Send Message
     
    Sears Canada has seen it's market share erode for a while now. Don't forget about the real estate sales that juiced this past quarters numbers.
    14 May 2014, 08:18 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11168) | Send Message
     
    More cash for Eddie Lampert to burn away into the atmosphere.
    14 May 2014, 08:58 AM Reply Like
  • minecanary
    , contributor
    Comments (1234) | Send Message
     
    You folks obviously don't know that it's been bad weather in Canada for the last 15 years
    14 May 2014, 09:07 AM Reply Like
  • capitolp
    , contributor
    Comments (713) | Send Message
     
    Who needs Sears Canada when you got the high flying KMart.
    14 May 2014, 09:41 AM Reply Like
  • bivalve
    , contributor
    Comments (26) | Send Message
     
    Lampert should sell it all, and let someone try to salvage the Icon , its obvious has to what he has done, and end result
    15 May 2014, 07:14 AM Reply Like
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