Sears Completes Spinoff of Part of Sears Canada
Posted on November 14, 2012 by
HOFFMAN ESTATES, Ill.-Sears Holdings has finished its spinoff of a portion of its interest in Sears Canada.
The company distributed about 44.5 percent of Sears Canada common shares to holders of Sears Holdings common stock. Following the partial spinoff, Sears Holdings has an ownership interest of about 51 percent in Sears Canada.
Sears Holdings will continue to be listed on the NASDAQ Global Select Market under the symbol SHLD. Sears Canada will continue to be listed on the Toronto Stock Exchange under the symbol SCC.