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Sears plans to sell 13 stores to Amerco Real Estate for $62M

Nov. 30, 2018 9:22 AM ETSears Holdings Corp. (SHLDQ) StockSHLDQ, UHALBy: Liz Kiesche, SA News Editor36 Comments
  • 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)

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