- Sears Holdings (OTCPK:SHLDQ) plans to sell 13 stores to Amerco (NASDAQ:UHAL) Real Estate for $62M, according to a court filing.
- Twelve locations are or were operated as Kmart stores, and one current Sears site; three of the stores are closed and six aren't profitable.
- The transaction also includes six unexpired non-residential real property leases.
- Source: Bloomberg First Word.
- Previously: Sears a step closer to bankruptcy financing deal (Nov. 5)