2007-01-06 12:05:18 · 17 answers · asked by coplandap 1 in Home & Garden ➔ Decorating & Remodeling
Kmart bought Sears after emerging from bankruptcy a few years ago.
2007-01-06 12:07:28 · answer #1 · answered by blueflash 3 · 5⤊ 2⤋
Does Kmart Own Sears
2016-12-15 09:42:18 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Does Sears Own Kmart
2016-10-01 10:34:51 · answer #3 · answered by yule 4 · 0⤊ 0⤋
Kmart owns Sears
2007-01-06 12:12:35 · answer #4 · answered by bugjrmom 3 · 1⤊ 1⤋
This Site Might Help You.
RE:
Does Sears own Kmart or does Kmart own Sears?
2015-08-24 11:05:49 · answer #5 · answered by Katharina 1 · 0⤊ 0⤋
Kmart owns Sears
2007-01-06 12:07:32 · answer #6 · answered by ? 7 · 2⤊ 2⤋
Edward Lambert bought controlling interest (53%) of Kmart in bankruptcy court. He then sold some of Kmarts assets(buildings, long term leases, etc... and generated $3 billion in Cash at Kmart. He used that to purchase Sears stock.
Through his hedge fund ESL Investments he then bought an additional 12% of Sears Stock.
Then he forced a merger of the two, creating a brand new corporation. The new entity is called Sears Holding. SHLD on the Nyse.
Since the merger, the stock has almost doubled and remains a good investment.
Lambert is a protege of Warren Buffett, the 2nd wealthiest man in the world.
2007-01-07 14:32:39 · answer #7 · answered by websoulsurfer 2 · 5⤊ 0⤋
For the best answers, search on this site https://shorturl.im/4fqZ6
Yes, it is true. It was not part of a bankruptcy deal though. It was an outright buy. Kmart had very recently come out of bankruptcy though. It happened several years ago maybe 5 or 6. I don't recall exactly. The name of the company was then changed to Sears Holding. Still the same old crap though.
2016-03-26 23:49:30 · answer #8 · answered by Kristina 4 · 0⤊ 0⤋
Sears purchased the Kmart stores a few years back when Kmart was in bankruptcy.
2007-01-06 12:48:05 · answer #9 · answered by joem_1701 3 · 0⤊ 2⤋
Sounds like Sears holdings owns bough
2016-10-16 05:35:37 · answer #10 · answered by Anonymous · 0⤊ 0⤋