Via Reuters: Kmart Buying Sears in $11 Billion Deal.
Discount retailer Kmart Holding Corp. will buy department store operator Sears, Roebuck & Co. in a surprise $11 billion deal that creates the third-largest U.S. retailer, the companies said on Wednesday.
Here we see the influence of Wal*Mart on the marketplace.
However, wasn’t K-mart in bankruptcy just a year ago? I would’ve thought that it would’ve been Sears acquiring K-mart, not the other way around.
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November 17th, 2004 at 8:33 am
Maybe if we tie two rocks together, they’ll float.
See:
Penn Central.
Unisys.
Studebaker-Packard.
The EU.
November 17th, 2004 at 3:17 pm
K-Mart Buys Sears For $11.5 Billion
All I can really say about this is WTF? I mean the K-Mart name is tainted, the Sears name has been going crappy for awhile and now merged together they are supposed to change their collective bankrupt asses into a…
November 17th, 2004 at 3:26 pm
Maybe if we tie two rocks together, they’ll float.
That’s about my take, but you put it much more effectively. LOL!
November 17th, 2004 at 11:00 pm
I guess I will now have to buy Kraftsman tools.