Transform Holdco LLC To Acquire Sears Hometown And Outlet Stores, Inc.
SEARS HOMETOWN & OUTLET (SHOS)
US:NASDAQ Investor Relations:
searshometownstores.com
Company Research
Source: PR Newswire
All-Cash Transaction Will Reunite the Sears Family of Stores Acquisition is Subject to a Marketing Process and Potential Premerger Sale of Outlet Segment to a Third Party HOFFMAN ESTATES, Ill., June 3, 2019 /PRNewswire/ -- Transform Holdco LLC ("Transform" or "the new Sears"), a leading integrated retailer and home to Sears and Kmart, and Sears Hometown and Outlet Stores, Inc. ("Sears Hometown") (NASDAQ: SHOS) today announced that they have entered into a definitive merger agreement whereby Transform will acquire the outstanding shares of Sears Hometown not owned by ESL Investments, Inc. and its affiliates for a price of $2.25 per share in cash, subject to an upward adjustment in the event a sale of Sears Hometown's Outlet Segment has occurred that satisfies criteria specified in the merger agreement. ESL Investments, Inc. and its affiliates, the majority owners of Transform, presently hold 58% of the outstanding shares of Sears Hometown. The transaction will reunite Sears and Kmart
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