Transform Holdco LLC, the parent of Sears and Kmart, announced Monday a deal to buy the outstanding shares of Sears Hometown and Outlet Stores Inc. not already owned by ESL Investments Inc. for $2.25 a share in cash.
"We are excited to bring Sears Hometown, its associates and network of independent dealers and franchisees back into the Sears and Kmart family," said Edward Lampert, Chairman of Transform and Chief Executive of ESL Investments. . . . more