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Mediaflag to fully acquire Sears


Thursday, 8 May 2014 02:10am EDT 

Mediaflag Inc:To fully acquire Sears on July 1.To buy 47,106 shares ( a 34.32 pct stake) of Sears for 179 mln yen in total on June 27.To acquire the rest 90,134 shares through stock swap on July 1.One shares of Sears's stock to be exchanged with 6.53 shares of the company's stock.To exchange 588,566 treasury stock in the stock swap.To hold a 100 pct stake of Sears after acquisition. 

Company Quote

1020.0
-30.0 -2.86%
9:51pm EDT