$SEARF
ESL Partners, L.P., Edward S. Lampert and Certain Affiliated Entities Announce Acquisition of Common Shares of Sears Canada Inc.
Marketwired - Fri Oct 17, 4:26PM CDT
ESL Partners, L.P., Edward S. Lampert and certain affiliated entities (collectively, the "Participating ESL Entities"
, on October 16, 2014, acquired 17,741,508 common shares ("Shares" of Sears Canada Inc. ("Sears Canada" at US$9.50 (C$10.70) per Share, representing 17.4% of the outstanding Shares. The Shares were acquired by the Participating ESL Entities pursuant to the exercise of subscription rights granted to the Participating ESL Entities and other affiliated entities (collectively, the "ESL Entities" by Sears Holdings Corporation in a subscription rights offering. Following the subscription rights offering and the acquisition of Shares by the Participating ESL Entities thereunder, the ESL Entities may be deemed to beneficially own in aggregate 47,565,722 Shares, representing approximately 46.7% of the outstanding Shares (including 1,665,846 Shares that may be acquired in the subscription rights offering upon the exercise of the subscription rights by two ESL entities). The Participating ESL Entities have also exercised their over-subscription privileges to acquire, upon completion of the subscription rights offering, up to an additional 4,538,933 Shares, representing up to 4.5% of the outstanding Shares (but only to the extent such exercise would result in the ESL Entities owning no more than 50,438,811 Shares, representing no more than 49.5% of the outstanding Shares). The actual number of Shares to be sold to the Participating ESL Entities pursuant to the exercise of the over-subscription privileges, if any, is dependent on the number of other subscription rights left unexercised in the subscription rights offering.
Sears Holdings Corporation Announces Commencement Of Rights Offering
PR Newswire - Wed Oct 15, 8:45PM CDT
Sears Holdings Corporation (NASDAQ:SHLD) ("Sears Holdings" or the "Company" today announced that Sears Canada Inc. ("Sears Canada" has filed a Registration Statement on Form F-10 (the "Registration Statement" with the Securities and Exchange Commission in connection with Sears Holdings' previously announced rights offering of up to 40,000,000 common shares of Sears Canada. The Registration Statement is automatically effective as of October 15, 2014.
SHLD: 13.50 (unch)
Sears Holdings' Executive Named Acting President And CEO Of Sears Canada
PR Newswire - Wed Oct 15, 6:30AM CDT
Sears Holdings Corporation (NASDAQ: SHLD) (the "Company" announced that Ronald D. Boire, executive vice president, chief merchandising officer and president, Sears Full Line Stores and Kmart Format, will be leaving the Company effective October 15, 2014. Mr. Boire has been appointed to the role of acting president and chief executive officer for Sears Canada (TSX: SCC), effective today.
SCC.TO: 3.85 (-0.01), SHLD: 13.50 (unch)
Biosenta Announces Dene Rogers as President and CEO
Marketwired - Thu Oct 09, 3:20PM CDT
Biosenta Inc. ("Biosenta" or the "Company" listed on the CNSX (CNSX: ZRO) is pleased to announce that Dene Rogers has been appointed as the new President and Chief Executive Officer of the Company, effective immediately.
Sears Holdings Corporation Announces Filing Of Preliminary Short Form Prospectus And Form F-10 Registration Statement For Rights Offering
PR Newswire - Tue Oct 07, 4:29PM CDT
Sears Holdings Corporation ("Sears Holdings" or the "Company" (NASDAQ: SHLD) today announced that a preliminary short form prospectus has been filed in Canada with the Ontario Securities Commission (the "OSC" and a Registration Statement on Form F-10 has been filed in the United States with the Securities and Exchange Commission (the "SEC" relating to the previously announced rights offering of up to 40,000,000 common shares of Sears Canada Inc. ("Sears Canada" (TSX: SCC). The subscription rights are expected to be distributed to all of the Company's stockholders of record as of October 16, 2014, and the rights will have a subscription price of U.S. $9.50 per whole share of Sears Canada. As previously announced, the subscription price is equal to the closing price (converted from Canadian to U.S. dollars) of the Common Shares on September 26, 2014, the last trading day before the Company's Board of Directors requested Sears Canada's cooperation with the filing of a prospectus regarding the Rights Offering. Each stockholder as of the record date will be able to participate in the rights offering on an equal and pro rata basis. The subscription rights will be transferable. The expected record date of October 16, 2014 is four days earlier than the date that the Company previously announced.
SCC.TO: 3.85 (-0.01), SHLD: 13.50 (unch)
ESL Partners, L.P. and Edward S. Lampert Announce Intention to Exercise Rights to Purchase Common Shares of Sears Canada Inc.
Marketwire Canada - Thu Oct 02, 5:48PM CDT
Today, Sears Holdings Corporation announced that its board of directors approved a subscription rights offering of up to 40,000,000 common shares of Sears Canada Inc. ("Sears Canada". ESL Partners, L.P. and Edward S. Lampert today have advised Sears Holdings Corporation that they intend to exercise their respective pro rata portion of the subscription rights in full as soon as practicable after such subscription rights have been distributed, though they have not entered into any agreement to do so. ESL Partners, L.P., Edward S. Lampert and affiliated entities (collectively, the "ESL Entities" currently own in aggregate 28,158,368 common shares of Sears Canada, representing approximately 27.6% of the outstanding common shares of Sears Canada. Sears Holdings Corporation currently owns 51,962,391 common shares of Sears Canada, which represents approximately 51% of the outstanding common shares of Sears Canada. The ESL Entities currently own approximately 48.5% of the outstanding common shares of Sears Holdings Corporation.
SHLD: 13.50 (unch)
Sears Holdings Corporation Provides Update on actions to generate liquidity, fund its transformation and evolve its capital structure
PR Newswire - Thu Oct 02, 5:05AM CDT
Sears Holdings Corporation ("Holdings," or the "Company" (NASDAQ: SHLD) today announced that the Company expects to generate up to U.S.$380 million in proceeds from its interest in Sears Canada Inc. ("Sears Canada" by early November 2014, assuming the completion of its previously announced rights offering of Sears Canada shares to the Company's stockholders and the exercise of all such rights. Of this amount, the Company expects to receive at least $168 million in mid-to-late October from the exercise of the rights distributed to them by ESL Partners, L.P. and Edward S. Lampert, Chairman and Chief Executive Officer of Holdings and Chairman and Chief Executive Officer of ESL Investments, Inc., which collectively with their affiliates own 48.5% of Holdings' outstanding common stock.
SHLD: 13.50 (unch)
Sears Holdings Corporation Announces Intent to Conduct Rights Offering of Sears Canada Shares
PR Newswire - Thu Oct 02, 5:00AM CDT
Sears Holdings Corporation ("Holdings," or the "Company" (NASDAQ: SHLD) today announced that the Company's board of directors has approved a rights offering of up to 40,000,000 common shares of Sears Canada Inc. ("Sears Canada" (TSX: SCC). ESL Partners, L.P. and Edward S. Lampert, Chairman and Chief Executive Officer of Holdings and Chairman and Chief Executive Officer of ESL Investments, Inc., have advised Holdings that they intend to exercise their pro rata portion of the subscription rights in full as soon as practicable after such subscription rights have been distributed, though they have not entered into any agreement to do so. Fairholme Capital Management, L.L.C. also has advised Holdings that it expects that certain of its clients will participate in the rights offering at levels to be determined, subject to review of the terms and conditions of the rights offering and regulatory considerations.
SCC.TO: 3.85 (-0.01), SHLD: 13.50 (unch)
ESL Partners, L.P., Edward S. Lampert and Certain Affiliated Entities Announce Acquisition of Common Shares of Sears Canada Inc.
Marketwired - Fri Oct 17, 4:26PM CDT
ESL Partners, L.P., Edward S. Lampert and certain affiliated entities (collectively, the "Participating ESL Entities"
, on October 16, 2014, acquired 17,741,508 common shares ("Shares" of Sears Canada Inc. ("Sears Canada" at US$9.50 (C$10.70) per Share, representing 17.4% of the outstanding Shares. The Shares were acquired by the Participating ESL Entities pursuant to the exercise of subscription rights granted to the Participating ESL Entities and other affiliated entities (collectively, the "ESL Entities" by Sears Holdings Corporation in a subscription rights offering. Following the subscription rights offering and the acquisition of Shares by the Participating ESL Entities thereunder, the ESL Entities may be deemed to beneficially own in aggregate 47,565,722 Shares, representing approximately 46.7% of the outstanding Shares (including 1,665,846 Shares that may be acquired in the subscription rights offering upon the exercise of the subscription rights by two ESL entities). The Participating ESL Entities have also exercised their over-subscription privileges to acquire, upon completion of the subscription rights offering, up to an additional 4,538,933 Shares, representing up to 4.5% of the outstanding Shares (but only to the extent such exercise would result in the ESL Entities owning no more than 50,438,811 Shares, representing no more than 49.5% of the outstanding Shares). The actual number of Shares to be sold to the Participating ESL Entities pursuant to the exercise of the over-subscription privileges, if any, is dependent on the number of other subscription rights left unexercised in the subscription rights offering. Sears Holdings Corporation Announces Commencement Of Rights Offering
PR Newswire - Wed Oct 15, 8:45PM CDT
Sears Holdings Corporation (NASDAQ:SHLD) ("Sears Holdings" or the "Company"
today announced that Sears Canada Inc. ("Sears Canada" has filed a Registration Statement on Form F-10 (the "Registration Statement" with the Securities and Exchange Commission in connection with Sears Holdings' previously announced rights offering of up to 40,000,000 common shares of Sears Canada. The Registration Statement is automatically effective as of October 15, 2014. SHLD: 13.50 (unch)
Sears Holdings' Executive Named Acting President And CEO Of Sears Canada
PR Newswire - Wed Oct 15, 6:30AM CDT
Sears Holdings Corporation (NASDAQ: SHLD) (the "Company"
announced that Ronald D. Boire, executive vice president, chief merchandising officer and president, Sears Full Line Stores and Kmart Format, will be leaving the Company effective October 15, 2014. Mr. Boire has been appointed to the role of acting president and chief executive officer for Sears Canada (TSX: SCC), effective today. SCC.TO: 3.85 (-0.01), SHLD: 13.50 (unch)
Biosenta Announces Dene Rogers as President and CEO
Marketwired - Thu Oct 09, 3:20PM CDT
Biosenta Inc. ("Biosenta" or the "Company"
listed on the CNSX (CNSX: ZRO) is pleased to announce that Dene Rogers has been appointed as the new President and Chief Executive Officer of the Company, effective immediately. Sears Holdings Corporation Announces Filing Of Preliminary Short Form Prospectus And Form F-10 Registration Statement For Rights Offering
PR Newswire - Tue Oct 07, 4:29PM CDT
Sears Holdings Corporation ("Sears Holdings" or the "Company"
(NASDAQ: SHLD) today announced that a preliminary short form prospectus has been filed in Canada with the Ontario Securities Commission (the "OSC" and a Registration Statement on Form F-10 has been filed in the United States with the Securities and Exchange Commission (the "SEC" relating to the previously announced rights offering of up to 40,000,000 common shares of Sears Canada Inc. ("Sears Canada" (TSX: SCC). The subscription rights are expected to be distributed to all of the Company's stockholders of record as of October 16, 2014, and the rights will have a subscription price of U.S. $9.50 per whole share of Sears Canada. As previously announced, the subscription price is equal to the closing price (converted from Canadian to U.S. dollars) of the Common Shares on September 26, 2014, the last trading day before the Company's Board of Directors requested Sears Canada's cooperation with the filing of a prospectus regarding the Rights Offering. Each stockholder as of the record date will be able to participate in the rights offering on an equal and pro rata basis. The subscription rights will be transferable. The expected record date of October 16, 2014 is four days earlier than the date that the Company previously announced. SCC.TO: 3.85 (-0.01), SHLD: 13.50 (unch)
ESL Partners, L.P. and Edward S. Lampert Announce Intention to Exercise Rights to Purchase Common Shares of Sears Canada Inc.
Marketwire Canada - Thu Oct 02, 5:48PM CDT
Today, Sears Holdings Corporation announced that its board of directors approved a subscription rights offering of up to 40,000,000 common shares of Sears Canada Inc. ("Sears Canada"
. ESL Partners, L.P. and Edward S. Lampert today have advised Sears Holdings Corporation that they intend to exercise their respective pro rata portion of the subscription rights in full as soon as practicable after such subscription rights have been distributed, though they have not entered into any agreement to do so. ESL Partners, L.P., Edward S. Lampert and affiliated entities (collectively, the "ESL Entities" currently own in aggregate 28,158,368 common shares of Sears Canada, representing approximately 27.6% of the outstanding common shares of Sears Canada. Sears Holdings Corporation currently owns 51,962,391 common shares of Sears Canada, which represents approximately 51% of the outstanding common shares of Sears Canada. The ESL Entities currently own approximately 48.5% of the outstanding common shares of Sears Holdings Corporation. SHLD: 13.50 (unch)
Sears Holdings Corporation Provides Update on actions to generate liquidity, fund its transformation and evolve its capital structure
PR Newswire - Thu Oct 02, 5:05AM CDT
Sears Holdings Corporation ("Holdings," or the "Company"
(NASDAQ: SHLD) today announced that the Company expects to generate up to U.S.$380 million in proceeds from its interest in Sears Canada Inc. ("Sears Canada" by early November 2014, assuming the completion of its previously announced rights offering of Sears Canada shares to the Company's stockholders and the exercise of all such rights. Of this amount, the Company expects to receive at least $168 million in mid-to-late October from the exercise of the rights distributed to them by ESL Partners, L.P. and Edward S. Lampert, Chairman and Chief Executive Officer of Holdings and Chairman and Chief Executive Officer of ESL Investments, Inc., which collectively with their affiliates own 48.5% of Holdings' outstanding common stock. SHLD: 13.50 (unch)
Sears Holdings Corporation Announces Intent to Conduct Rights Offering of Sears Canada Shares
PR Newswire - Thu Oct 02, 5:00AM CDT
Sears Holdings Corporation ("Holdings," or the "Company"
(NASDAQ: SHLD) today announced that the Company's board of directors has approved a rights offering of up to 40,000,000 common shares of Sears Canada Inc. ("Sears Canada" (TSX: SCC). ESL Partners, L.P. and Edward S. Lampert, Chairman and Chief Executive Officer of Holdings and Chairman and Chief Executive Officer of ESL Investments, Inc., have advised Holdings that they intend to exercise their pro rata portion of the subscription rights in full as soon as practicable after such subscription rights have been distributed, though they have not entered into any agreement to do so. Fairholme Capital Management, L.L.C. also has advised Holdings that it expects that certain of its clients will participate in the rights offering at levels to be determined, subject to review of the terms and conditions of the rights offering and regulatory considerations. SCC.TO: 3.85 (-0.01), SHLD: 13.50 (unch)
