Kmart-Sears Merger of 2005
Summary:
In late 2004, Sears and Kmart announced that they would merge operations to form Sears Holding Company (SHC). On the morning of the merger approval date, Sears’s shares fell $6.06 and Kmart shares raised $1.19. The ultimate goal of the merger, according to E. Lampert, was to “seek to leverage the combined strengths of Sears and Kmart to obtain greater long-term value than either could have generated on a stand-alone basis. SHC plans to offer customers a new, more compelling experience with a differentiated and expanded product range.”
The new Board of Directors is a combination of seven directors of Kmart Board, and three director of Sears Board. Their executive team is also a blend of Kmart and Sears staff members.
Both Kmart and Sears are giant retail corporations. This merger makes SHC became the third larger retailer in the U.S. Level competition is high, for example, there is Wal-Mart, Target, J.C. Penney, etc… because......

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Title: Kmart & Sears
Approximate Word Count: 707
Approximate Pages: 3 (250 words per double-spaced page)

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