Posted on 16/03/06
Independent Sears directors won't go home empty-handed if deal closes
The results of U.S.-based Sears Holdings' offer to purchase the 46-per-cent minority interest in Sears Canada are expected tomorrow -- and the general feeling is that, given the lack of any other likely bidder, the $16.86-a-share bid will be taken up, for a total price of $835-million.
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