{"id":3685,"date":"2005-12-06T00:00:00","date_gmt":"2005-12-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"us-parent-bids-for-sears-canada","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2005\/us-parent-bids-for-sears-canada.html","title":{"rendered":"US parent bids for Sears Canada"},"content":{"rendered":"<p>  <strong>Sears Holdings Corp.<\/strong> has bid $834.5-million to take <strong>Sears Canada Inc.<\/strong> private, a move some analysts say positions it to eventually scoop up rival <strong>Hudson&#8217;s  Bay Co.<\/strong> and merge the two department store companies.<\/p>\n<p>  Sears Holdings, controlled by U.S. hedge fund manager Edward Lampert, made the all-cash offer yesterday for the 46.2 per cent of Sears Canada it does not already own.<\/p>\n<p>  The offer could be the first step toward Mr. Lampert selling off Sears Canada&#8217;s real estate or, down the road, buying all or part of HBC, said retail analyst Robert Gibson of Octagon Capital.  Merging the two companies would create a stronger, more focused merchant.<\/p>\n<p><a href=\"http:\/\/www.theglobeandmail.com\/servlet\/story\/RTGAM.20051206.wxrsears06\/BNStory\/Business\/\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sears Holdings Corp. has bid $834.5-million to take Sears Canada Inc. private, a move some analysts say positions it to eventually scoop up rival Hudson&#8217;s Bay Co. and merge the two department store companies. Sears Holdings, controlled by U.S. hedge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3685","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3685"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3685\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}