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Industry: Email Alert RSS FeedKmart, Sears merge
MMR, Sept 22, 2008
KMART, SEARS MERGE: Kmart Holdings Corp. announced plans to buy Sears, Roebuck and Co. for $11 billion, combining two of the nation's oldest retail chains into the third-largest retail chain in the country. The move was expected to strengthen the two struggling retail chains by accelerating Scar's off-mall growth strategy while enhancing the brand portfolios of both companies.
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