Sears backs off after takeover rejected
15th Nov 2006, 02:36 GMT
American retail giant Sears Holdings Corp. is backing away from its bid to privatize Canadian subsidiary Sears Canada (TSX: SCC ) after minority shareholders rejected the takeover Tuesday.
Sears backs off after takeover rejected related news:
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- Sears Holdings will not sweeten bid for Sears Canada — The Globe and Mail - Lynn Greiner Columns
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