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Sears Holdings Issues Statement On New York Post Report on Rumored Talks for Sale of Sears Canada Unit

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"This morning's report concerning Sears Canada by the New York Post contains false statements regarding Sears Holdings and its intentions for Sears Canada.  In particular, it is false to claim that Mr. Lampert, the CEO of Sears Holdings, is interviewing or otherwise is in talks with investment bankers about Sears Holdings' interest in Sears Canada.  Similarly, the claim that Mr. Lampert is conducting a 'beauty contest' also is false.

"Sears Holdings reiterates its October 29, 2013, statement that Sears Holdings will work with the board and management of Sears Canada with a goal of increasing the value of our 51% interest and realizing significant cash proceeds to support our transformation and to create value for our shareholders."

About Sears Holdings CorporationSears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer with almost 2,500 full-line and specialty retail stores in the United States and Canada and the home of SHOP YOUR WAY, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through ShopYourWay.com. Sears Holdings is the leading home appliance retailer as well as a leader in

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Posted-In: News Guidance Dividends Rumors Financing Offerings Legal Management

 

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