Kmart Chairman Stocks Up on Sears

Discussion
Jun 09, 2003
George Anderson

By George Anderson


Edward Lampert, the chairman and largest shareholder of Kmart, has increased his ownership of Sears stock to 10.13 percent from 8.9 percent at the end of the last year, according to Crain’s Chicago Business.


Mr. Lampert’s purchase puts him and his ESL Partners investment firm within 36,000 shares of Sears’ largest shareholder, State Street Bank & Trust Co. of Boston.


Mr. Lampert’s influential role at Kmart and Sears has fueled speculation about a possible merger or other working agreement between the two retailers in the future.


Mr. Lampert and Sears had no comment on this latest news.


Moderator’s Comment: What do you think will happen
at Sears and Kmart due to Edward Lampert’s ownership/influence?


Will Kmart one day become Searsmart? [George
Anderson – Moderator
]

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