Sears Holdings files for partial spin off of its interest in Sears Canada

HOFFMAN ESTATES, Ill. — Sears Holdings announced that Sears Canada has filed a Registration Statement on Form 20-F with the U.S. SEC in connection with the company’s previously announced plan to spin-off a portion of its interest in Sears Canada.

Sears Holdings  currently owns approximately 95% of the issued and outstanding common shares of Sears Canada. Following the spin-off, Sears Holdings will retain approximately 51% of the issued and outstanding common shares of Sears Canada.  Sears Canada will continue to be listed on the Toronto Stock Exchange.
 

Sears Holdings files for partial spin off of its interest in Sears Canada

HOFFMAN ESTATES, Ill. — Sears Holdings announced that Sears Canada has filed a Registration Statement on Form 20-F with the U.S. SEC in connection with the company’s previously announced plan to spin-off a portion of its interest in Sears Canada.

Sears Holdings  currently owns approximately 95% of the issued and outstanding common shares of Sears Canada. Following the spin-off, Sears Holdings will retain approximately 51% of the issued and outstanding common shares of Sears Canada.  Sears Canada will continue to be listed on the Toronto Stock Exchange.
 

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