Sears Holdings (SHLD) to Sell 11 Full-Line Stores to General Growth (GGP) in $270M Deal
Up)
Sears Holdings Corporation (Nasdaq: SHLD) announced today a definitive agreement for the sale of eleven Sears full line store locations to General Growth Properties (NYSE: GGP) for a purchase price of $270 million. The transaction is expected to close in the next 45 to 60 days, subject to customary closing conditions.
Each of the Sears stores is part of an existing General Growth property.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Each of the Sears stores is part of an existing General Growth property.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- UPDATE: SAP's (SAP) America Unit to Buy Ariba (ARBA) for $45/Share
- China Investment may nab $2B stake in Alibaba - Reuters
- KKR (KKR) Said to Be in Talks with Delek Group for Phoenix Holdings Stake
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
