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Sears Canada Inc SRSCQ

Consumer Cyclical Department Stores
Sears Canada Inc. (Sears) is a Canada-based multi-channel retailer company. The Company operates through merchandising segment. Its merchandising operations include the sale of goods and services through its retail channels, which includes its full-line, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. (Corbeil) stores and its direct (catalogue/Internet) channel. Its services include home improvements, such as carpet and duct cleaning, installation and assembly of products purchased at Sears stores, custom window coverings, windows and doors, and heating and cooling; product repair services, such as servicing of items covered under Sears Protection Plan, cash calls, as well as in-warranty service for select Kenmore, Craftsman and national brand products, and protection agreements, such as single or multi-year coverage on appliances, electronics, vacuums, lawn and garden, fitness, and heating, ventilating and air conditioning, and accident protection for furniture and mattresses.


GREY:SRSCQ - Post by User

Sears Canada Inc
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Comment by eliostaron Nov 27, 2010 8:14am
321 Views
Post# 17765815

RE: RE: RE: RE: stock not so bad

RE: RE: RE: RE: stock not so badI'm no expert in this field and someone can correct if I'm wrong.
Normally one company approaches another and tries to get board
approval and eventually shareholders vote on it.
In this case the buyer holds most of the shares and probably controls the board.
The minority shareholders probably have certain rights, and at the very least can take legal
action if something is foul. Otherwise they could just offer one dollar , but that's not going to happen.
They would probably hire some third party to value the shares, seeing that they paid $30 not long ago would lead me to believe that it would me close to that number but probably lower by now.
Once the price is set and agreed to you would have to tender your shares, you might be able to keep them 
but they won't trade anymore.  lol
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Dealroom for high-potential pre-IPO opportunities
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