Sears and K-Mart merger
Dang, it's confusing what happens to Sears stock with the merger approved.
I think you just get $50 for each Sears share.
That means 2005 wasn't so good for shareholders. Started the year at 50.31, essentially ended at 50.40.
http://biz.yahoo.com/ap/050324/sears_kmart_merger_27.html
Let's assume these shares convert to 3/8 of $132.52 for 1 share of SHLD at that date and see how SHLD does for the rest of the year.
I think you just get $50 for each Sears share.
That means 2005 wasn't so good for shareholders. Started the year at 50.31, essentially ended at 50.40.
http://biz.yahoo.com/ap/050324/sears_kmart_merger_27.html
Let's assume these shares convert to 3/8 of $132.52 for 1 share of SHLD at that date and see how SHLD does for the rest of the year.
posted by Twain at
7:59 AM
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