Kmart, Sears to Join Forces in $11 Bil. Deal

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CHICAGO Kmart today said it would merge with Sears, Roebuck & Co. in an $11 billion deal that will create the nation’s third-largest retailer behind Wal-Mart and Target.

The joint company will be known as Sears Holdings Corp. but continue to operate Kmart and Sears stores under their current brand names.

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