ESL Partners, L.P. and Edward S. Lampert Announce Intention to Exercise Rights to Purchase Common Shares of Sears Canada Inc.
(firmenpresse) - BAY HARBOR ISLANDS, FLORIDA -- (Marketwired) -- 10/02/14 -- Today, Sears Holdings Corporation announced that its board of directors approved a subscription rights offering of up to 40,000,000 common shares of Sears Canada Inc. ("Sears Canada"). ESL Partners, L.P. and Edward S. Lampert today have advised Sears Holdings Corporation that they intend to exercise their respective pro rata portion of the subscription rights in full as soon as practicable after such subscription rights have been distributed, though they have not entered into any agreement to do so. ESL Partners, L.P., Edward S. Lampert and affiliated entities (collectively, the "ESL Entities") currently own in aggregate 28,158,368 common shares of Sears Canada, representing approximately 27.6% of the outstanding common shares of Sears Canada. Sears Holdings Corporation currently owns 51,962,391 common shares of Sears Canada, which represents approximately 51% of the outstanding common shares of Sears Canada. The ESL Entities currently own approximately 48.5% of the outstanding common shares of Sears Holdings Corporation.
This press release shall not be construed as an admission that any ESL Entity beneficially owns or controls, for the purposes of Section 13(d) or 13(g) of the United States Securities Exchange Act of 1934, or any other purpose, any securities covered by this press release.
For a copy of the early warning report corresponding to this press release, please contact Harold Talisman, ESL Investments, Inc., 1170 Kane Concourse, Suite 200, Bay Harbor Islands, Florida 33154 at (305) 702-2100.
Contacts:
ESL Investments, Inc.
Harold Talisman
(305) 702-2100
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Datum: 02.10.2014 - 22:36 Uhr
Sprache: Deutsch
News-ID 340961
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BAY HARBOR ISLANDS, FLORIDA
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