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Sears to acquire Lands End in 1.9 billion deal
Sears Roebuck and Co. to buy Lands End Inc. for about 1.9 billion to revive its clothing business. Lands End shares jump over 20 percent, Sears shares rise slightly as analysts hail the acquisition. Lands End will be a wholly owned Sears subsidiary, retaining Dodgeville Wisconsin HQ. Alan Lacy calls the move strengthening both brands.
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Sears
Chicago
Sears, Roebuck and Co
Lands’ End Inc
Lands’ End