Sears Holdings Corporation Announces Expiration Of Rights Offering

Sears Holdings Corporation SHLD today announced that the subscription period of its previously announced rights offering to effect the separation of Sears Hometown and Outlet Stores, Inc. ("Sears Hometown") from Sears Holdings expired at 5:00 p.m., New York City time, on October 8, 2012.  Sears Holdings previously announced that the rights offering would expire on October 8, 2012, unless extended by Sears Holdings' Board of Directors. Preliminary results indicate that over 95% of the outstanding shares of common stock of Sears Hometown, par value $0.01 per share (the "Common Stock") were subscribed for pursuant to the exercise of basic subscription rights by holders of the subscription rights.  In addition, holders of subscription rights who exercised their basic subscription rights in full requested to purchase a number of additional shares of Common Stock pursuant to the over-subscription privilege such that the rights offering is expected to be fully subscribed.  Accordingly, Sears Holdings expects to distribute a total of 23,100,000 shares of Common Stock to the holders of subscription rights who validly exercised their subscription rights and paid the subscription price in full, including pursuant to the exercise of the over-subscription privilege.   Based on See full press release