Paulo Santos : This is an interesting angle which I seldom see explained anywhere. Sears (NASDAQ: SHLD ) is issuing subscription rights (SHLDR) to subscribe Sears Canada (SRSC) shares. Each SHLD share gives you one such subscription right
(Adds analyst comments and background, updates share price)
(Corrects paragraph 4 to say "just over $870 million, or about 40 percent", not most of the over $2 billion, will come from Lampert and his hedge fund)
Oct 20 (Reuters) - Sears Holdings Corp plans to raise up to $625 million through an offering of 8 percent senior notes and warrants, in another effort to boost liquidity amid concerns among suppliers about its finances going into the holiday season.
Sears Holdings (NASDAQ: SHLD ) says it board approved a plan to offer $625M in debt and stock warrants. The company says the warrants will be exercisable for five years following the offering. Post your comment!
Oct 20 (Reuters) - Struggling retailer Sears Holdings Corp said it would raise up to $625 million through a rights offering of senior notes due 2019 and warrants to buy shares.
By Paulo Santos : For those holding Sears (NASDAQ: SHLD ), it's important to know that as of today, they hold not just Sears but also a right (SHLDR) to buy shares on Sears Canada ( OTCPK:SEARF ). Each SHLD share you
at times exceptional trading opportunities present themselves. This brief article is about a bullish trading opportunity in Sears Holdings Corp. (NASDAQ: SHLD ). I will briefly discuss 5 specific reasons supporting this fantastic opportunity. First
Sears Holdings (NASDAQ: SHLD ) announces chief merchandising officer Ronald Boire will move on to take over the CEO role at Sears Canada ( OTCPK:SEARF ). Boire will be taking over a leaner retail chain which may be a P-E target. Post your comment!
(Reuters) - Sears Holdings Corp said it was the victim of a cyberattack that likely resulted in the theft of some customer payment cards at its Kmart