Report: Sycamore Partners may bid for Sears Canada


Sycamore Partners is interested in making a bid for Sears Canada (NASDAQ:SHLD), according to the New York Post.

Though Eddie Lampert started off with a deal target of $2B for the Canadian retain chain, Sycamore is likely to offer considerably less.

Sears also has the option to sell off the Sears Canada stores piecemeal to major retailers such as Canadian Tire, Hudson's Bay, and Wal-Mart.

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Comments (1)
  • rube123
    , contributor
    Comments (2158) | Send Message
     
    SHLD is running out of options, time is not on their side , and this is only a band aid on a sinking ship
    5 Aug 2014, 10:04 PM Reply Like
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