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Huh? Sears' Restoration Play Puzzles The Industry.
- Source :
- HFN: Home Furnishings News; 12/3/2007, Vol. 81 Issue 46, p1-7, 2p, 1 Color Photograph
- Publication Year :
- 2007
-
Abstract
- The article talks about the puzzlement of industry insiders over Sears Holdings Chairman Eddie Lampert's suprising bid for Restoration Hardware. Sources speculate that Restoration could benefit from investment in operations, but that would require investment that runs contrary to Lampert's history with Sears. One source speculated that Lampert may have made the bid to boost Restoration's shares, which he currently owns. Sears made a tender offer to buy out Restoration for $6.75 per share in cash.
- Subjects :
- MERGERS & acquisitions
CORPORATE finance
INVESTMENTS
Subjects
Details
- Language :
- English
- ISSN :
- 10828310
- Volume :
- 81
- Issue :
- 46
- Database :
- Supplemental Index
- Journal :
- HFN: Home Furnishings News
- Publication Type :
- Periodical
- Accession number :
- 27890205