Sears Buys 13.9% Stake in Restoration Hardware
Sears Holdings (SHLD) has bought a 13.9% stake in Restoration Hardware (RSTO) and may takeover the company after it evaluates "the desirability of proposing an acquisition". Read the full SEC filing released on Monday.
According to Yahoo.com: “Restoration Hardware, a specialty retailer, agreed to a $267 million buyout on Nov. 8 in a deal involving its chief executive and private equity firm Catterton Partners.”
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