Market Overview

NY Post Reports Sycamore Partners Considering Bid for Sears Canada

Sycamore Partners, which acquired retailers Jones Group, Talbots and Hot Topic, is now considering a takeover bid for Sears Canada (OTC: SEARF), according to a report from the the NY Post. Sears (NASDAQ: SHLD) Chairman Eddie Lampert has indicated he wants $2 billion for the 176 stores in Canada, but sources say he might consider a lower offer.

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