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Street Cold on Sears' Canadian Exposure
Investors waiting for big asset sales to revive shares of Sears (SHLD Quote) awoke Monday to news of an acquisition.
The retailer unveiled a plan to buy the publicly traded shares of its 54%-owned Sears Canada(SEARF Quote) unit for $715 million.
"A lot of people expected them to be sellers, not buyers," said Morningstar analyst Kim Picciola. "This is certainly not what I was expecting." ...
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