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Tuesday, April 23, 2024
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Sears cashes out in Canada

By  Sun-Times Wire
   
SHARE Sears cashes out in Canada

Sears, sorely in need of cash, Sears is selling most of its stake in its Canadian unit to raise as much as $380 million.

The sale of the majority of its 51 percent stake in Sears Canada Inc. to its own shareholders will give the retailer some breathing room as it heads into the crucial holiday season.

Read more at Newsfeed.

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