Sears spread widen on takeover talk

News

pg11-news07-gif

Kmart Holding Corporation’s announcement of its intention to buy Sears, Roebuck & Company for $10.85 billion in mid-November gave Sears shareholders many reasons to celebrate as the stock price rose 17% to $52.99. But while rising stock prices had shareholders celebrating an early Christmas, weakened credit ratings had bondholders crying, “Bah, humbug!”

On November 17, Kmart announced its plan to purchase Sears and rating agencies were q

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: