Sears Canada
ORG
Sears Canada
Sears Holdings increased its bid to take full control of Sears Canada by 7 percent, to 899 million Canadian dollars. When Sears Holdings, which is based in Hoffman Estates, Ill., announced its intention to buy out the minority shares of Sears Canada, it owned about 53.8 percent of the company. Its offer of 16.86 Canadian dollars a share, however, ran into trouble when an appraisal by Genuity Capital Markets, commissioned by the Canadian operation's board, valued Sears Canada at 19 to 22.25 Canadian dollars a share.