Shareholders Get Say On Sears-Kmart Deal: ; Merger Would Create Nation's Third Largest Retailer Behind Wal- Mart, Home Depot

Charleston Daily Mail › March 25, 2005

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Summary

CHICAGO - Faded retail powers Sears, Roebuck and Co. and Kmart Holding Corp. hope their $11 billion merger can create a profit powerhouse while helping to reverse years of lagging sales.

The pairing of longtime industry rivals was poised for final clearance today, four months after the proposal engineered by Kmart Chairman Edward Lampert was unveiled.

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Shareholders Get Say On Sears-Kmart Deal: ; Merger Would Create Nation's Third Largest Retailer Behind Wal- Mart, Home Depot

Shareholders of, first, Kmart and then Sears were expected to approve the merger at separate meetings at Sears' sprawling head...

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