Sears (SHLD +2.9%) secures board approval of a rights offering allowing the retailer to move...

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Sears (SHLD +2.9%) secures board approval of a rights offering allowing the retailer to move ahead with the spinoff of its remaining Hometown and certain hardware stores, and sets Sept. 7 as the record date for the distribution.