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Sears Has a Deal to Offer Its Shareholders

Here, on the other hand, is a much stranger rights offering from Sears Holdings, which is a U.S. Give Sears Holdings $500. Get a $500 bond (five-year maturity, 8 percent coupon, senior unsecured at Sears Holdings). Also get 17.5994 warrants to buy Sears Holdings common stock (five-year expiry,...

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