Sears Holdings Corp. shares rose after investor Memento SA recommended the retailer consider going private, saying that “excessive” short selling has hammered the stock.
which serves as investment manager for Switzerland’s Spadone family,
also called for an investigation into recent surges in short selling.
Memento said in an open letter to Sears’s board that it owns nearly 2 million shares and believes in the long-term value of its stores, brands and employees.
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