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Shareholders approve Sears merger with Kmart

by Dave Porter

Rubatex Msds Shareholders approved the merger between Sears Roebuck & Co and Kmart Corp., paving the way for Sears Holding Corp. executives to assume management of the combined retailers.

to exercise its option to sell a Verizon Wireless stake that is valued at $10 billion. 17 p.m. LSE shareholders approved the acquisition of Italy's Borsa Italiana, a deal that may thwart a takeover by Nasdaq. 27 p.m. Friends Provident says it is unlikely that its planned merger with rival U.K. insurer Resolution will fall through. 41 p.m.

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The fourth of July has been set as the dates for the EGM of both Boots (10am) and Alliance Unichem ( 45 am) when shareholders for both companies will be able to vote on the resolutions required to approve and implement the merger.

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Brazilian Merger Causes Speculation In light of the recent case brought to the Supreme Court regarding the Microsoft Antitrust suit, we have learned that caution pays when dealing with mergers and acquisitions. Although the Brazilian government has approved the merger of the country¯ two largest breweries, antitrust advocates are claiming that it could be detrimental to the already fragile economy. The two companies, Cia. Cervejaria Brahma and Cia. Antarctica Paulista, will maintain 72 percent of the national market now that they have merged into Cia. de Bebidas das Americas. The regulators approved the merger based on the following statement made by Hebe Romano, "There are no concrete facts that the merger would harm the market."

Rubatex Pipe Insulation March 25, 2005 (AXcess News) Chicago - Shareholders approved the merger between Sears Roebuck & Co (NYSE: S) and Kmart Holding Corp. (Nasdaq: KMRT), paving the way for the new Sears Holding Corp. executives to assume management of the combined retailers.

ßhe new tourism group will be free of debt, have high financial reserves and thus will be well positioned to proactively participate in further market consolidation in Europe, should we see the opportunity to increase value for our shareholders. As a result of the merger, we will generate significant synergies, which will improve the profitability of the new Thomas Cook Group plc on a sustained basis stated KarstadtQuelle AG CEO, Thomas Middelhoff, Chairmandesignate of the new company. åith the merger, KarstadtQuelle AG will achieve a considerable value increase for its shareholders. We will be creating an international retail and tourism group with total sales of Euro 21 billion with approximately 50 percent of revenues generated internationally, stated Middelhoff. The basis for the current merger was the recent agreement by which KarstadtQuelle acquired Lufthansa¯ 50% stake in Thomas Cook.

Rubatex 180 Edward Lampert, chairman of Sears Holding Corp, will announce the senior managers next week. The next level of managers are also to be appointed at that time.The combined businesses have approximately 400,000 employees. Lampert said that any layoffs were to be more on the side of Kmart at its corporate offices. Some of Sears employees would also be affected at its headquarters. Kmart, which has 5,000 employees at its Troy Michigan headquarters would suffer the most layoffs.

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Rubatex 180 Fs Lampert denied that there would be any mass closings of Kmart stores at meeting Friday, saying they were able to take non-productive or under performing stores and make them productive.

Rubatex 1800 Shares of Sears, Roebuck were down $6.76, or 11.90%, closing at $50.04 Friday. Kmart shares were up $7.69, or 6.16%, closing at $132.52.

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