Lampert's Offer To Buy Sears Hometown Another Example Of His Financial Finagling [Forbes]
SEARS HOMETOWN & OUTLET (SHOS)
US:NASDAQ Investor Relations:
searshometownstores.com
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Source: Forbes
Lampert's Offer To Buy Sears Hometown Another Example Of His Financial Finagling The Outlet and Hometown stores could be rejoined with Sears if Eddie Lampert gets his deal. (AP Photo/Matt Rourke) ASSOCIATED PRESS Eddie Strikes Again. If you’ve ever wondered how Eddie Lampert -- the man who bought Sears and Kmart, ran them to within an inch of their retailing lives and then bought them back again – makes money, you need to look no further than his Sears Hometown potential re-acquisition. Earlier this week Lampert, now owning and controlling what’s left of Sears and Kmart through his newly formed Transform Holdco, made an offer to buy the shares of the Sears Hometown and Outlet company he doesn’t already own. Once part of Sears, these stores were spun off in 2012 into a separate public entity that was still very much connected at the supply pipeline and name to its former parent. After an initial spurt in which the stock rode into the mid-$50 range, the spin-off started to suffer the sa
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