Sears Holdings (SHLD) says it expects to haul in $346.5M from the separation of Sears Hometown...

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

Sears Holdings (SHLD) says it expects to haul in $346.5M from the separation of Sears Hometown and Outlet Stores after the rights offering came in fully subscribed. Another $100M will be paid to Sears Holdings in the form of a special cash dividend prior to the separation. The new company, to trade on the Nasdaq under the symbol SHOS, is set to operate 944 Sears Hometown Stores, 96 Sears Hardware Stores, and 76 Sears Home Appliance Showrooms.