Alan Lacy, Vice Chairman of Sears Holdings, said, "We believe the decision by the two largest independent shareholders, Natcan Investment Management Inc and Vornado Realty Trust, to tender their shares, representing over one third of the minority shares is clear evidence that our revised C$18.00 offer represents a full and fair price. We look forward to focusing the full attention of the Sears Canada management team and associates on serving our customers and competing effectively in the Canadian market."
Sears Holdings Corporation is the nation's third largest broadline retailer, with approx $55 billion in annual revenues, and with approximately 3,900 full-line and specialty retail stores in the United States and Canada.
Sears Holdings Corporation
marketing@alchempro.com
