Hedge fund owner Edward Lampert has reached a deal that would bring Sears Hometown stores under the same corporate umbrella as Sears and Kmart
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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.
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