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Mr. Lampert, the former Sears Holdings Corp. chief executive whose Transform Holdco LLC controls Sears and Kmart, is buying the 42% of Sears Hometown shares he and his hedge fund don’t currently own for $2.25 a share in cash, the companies said Monday. Sears Hometown stores were spun off from Sears Holdings Corp. seven years ago.
What are they going to do for customers who bought kenmore refrigerators from Sears made by LGUS? LGFridgeFail
Sears won't last as a stand lone store the will have to combine with K mart and hope they make it
Good move. First order of business: get those craftsman tool manufacturers out of China and back in the U. S. Where they belong?. Just asking
Excuse me, but how many hometown outlets include a Sears? Anyone, does yours? Serious question.
Theft by LBO continues shameOnCEO
And he’ll run this into the ground too
If there was any justice in America Lampert would be in prison by now. Devaluing and running sears into the ground and putting thousands out of work all so he can funnel cash to himself via his role as landlord and suck up the assets as a major creditor during bankruptcy
You mean the guy that bled Sears dry for himself and is trying to not pay 43 million in severance wants to do the same to more stores? What a scumnag