Sears Holdings Corp. said it plans to sell most of its stake in Sears Canada in order to raise up to $380 million in cash by early next month. CEO Edward Lampert and his firm ESL
Investments will fully exercise their rights, which will bring almost half of the money -- $168 million -- to Sears coffers in mid-to-late October. The Hoffman Estates-based, IL retailer has been
selling or spinning off business units, including Lands' End, to stay afloat.
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