Sears Public Relations And Communications
Sears Holdings Announces That C$18.00 Is Its Best and Final Offer
HOFFMAN ESTATES, Ill., April 5 /PRNewswire-FirstCall/ -- Sears Holdings
Corporation (Nasdaq: SHLD) announced today, in response to news reports and
market speculation about a possible further increase in price by Sears
Holdings, that the C$18.00 offer by its wholly-owned subsidiary SHLD
Acquisition Corp. for any and all common shares of Sears Canada is its best
and final offer.
Alan Lacy, vice chairman of Sears Holdings said, "We are concerned that
speculation reported in the press may be misleading the market regarding our
intentions. As a result, we are stating clearly and categorically that we
will not increase our price further."
The SHLD Acquisition Corp. offer was previously extended until 11:59 p.m.
(Eastern Daylight Time) on April 18, 2006.
About Sears Holdings Corporation
Sears Holdings Corporation is the nation's third largest broadline
retailer, with approximately $55 billion in annual revenues, and with
approximately 3,900 full-line and specialty retail stores in the United States
and Canada. Sears Holdings is the leading home appliance retailer as well as
a leader in tools, lawn and garden, home electronics and automotive repair and
maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard,
and a broad apparel offering, including such well-known labels as Lands' End,
Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands.
It also has Martha Stewart Everyday products, which are offered exclusively in
the U.S. by Kmart and in Canada by Sears Canada. The Company is the nation's
largest provider of home services, with more than 13 million service calls
made annually. For more information, visit Sears Holdings' website at
SOURCE Sears Holdings Corporation
Web site: http://www.searsholdings.com
CONTACT: Sears Holdings Public Relations, +1-847-286-8371