Lampert's Company to Buy the Rest of Sears Hometown Stores - Th...

Lampert's Company to Buy the Rest of Sears Hometown Stores  The Wall Street Journal

Hedge fund owner Edward Lampert has reached a deal that would bring Sears Hometown stores under the same corporate umbrella as Sears and Kmart. Mr. Lampert, the former Sears Holdings Corp. chief executive whose Transform Holdco LLC controls Sears and Kmart, is buying the 42% of Sears Hometown shares he and his hedge fund don’t currently own for $2.25 a share in cash, the companies said Monday. Sears Hometown stores were spun off from Sears Holdings Corp. seven years ago. Transform’s majority owners are ESL Investments Inc.—Mr. Lampert’s hedge fund—and its affiliates. A judge earlier this ye...