The transaction will reunite Sears and Kmart with Sears Hometown, which was spun off from Sears Holdings Corporation, the former parent company of Sears and Kmart, in 2012. and its affiliates, the majority owners of Transform, presently hold 58% of the outstanding shares of Sears Hometown. 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. ("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. HOFFMAN ESTATES, Ill., J/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. All-Cash Transaction Will Reunite the Sears Family of StoresĪcquisition is Subject to a Marketing Process and Potential Premerger Sale of Outlet Segment to a Third Party
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