NEW YORK, NY / ACCESSWIRE / April 24, 2018 / Sears saw its shares rise on Monday after its chief executive Edward Lampert made an offer to buy the Kenmore brand as well as other Sears units. Shares of Walmart saw a slight close in the red despite a big report from Bloomberg indicating that the company could be close to inking a deal to gain a big stake in India?s Flipkart.

RDI Initiates Coverage on:

Sears Holdings Corporation
https://rdinvesting.com/news/?ticker=SHLD

Walmart Inc.
https://rdinvesting.com/news/?ticker=WMT

Sears Holdings Corporation shares closed up 7.64% on about 2.3 million shares traded. It was an interesting day for the retailer after the company's chief executive Edward Lampert, through ESL Investments Inc., wrote in a letter to the Sears board that ESL is willing to purchase the Kenmore appliance brand as we as other Sears Home Improvement and Parts Direct businesses. ESL has offered to acquire Sears Home Improvement and PartsDirect, both part of the Sears Home Services division, for $500 million. ESL owns a controlling stake in the retailer with over a 30% stake. ESL stated, "This will enable Sears to improve its debt profile and liquidity position, creating the runway to help continue its transformation." The letter also pointed out that some of Sear's assets have been available for purchase for over two years and that the company has not been able to find an acceptable buyer. According to Ken Perkins, the founder of Retail Metrics, "It looks to be a last-ditch effort to extract some value from Sears' very bare cupboard of remaining assets." Lampert has said that his firm would submit a proposal for Kenmore and the transaction would close within 90 days. ESL is also open to potentially making an offer for Sears' real estate as well.

Access RDI's Sears Holdings Corporation Research Report at:
https://rdinvesting.com/news/?ticker=SHLD

Walmart Inc. shares closed down a modest 1.01% on Monday with about 7.3 million shares traded. According to a Bloomberg report, the retail giant is close to an over $12 billion deal to buying a majority stake in India's Flipkart, an e-commerce company. Bloomberg, which cited people close to the matter, said that Walmart is close to buying a stake of 60 to 80% in the company. Flipkart has a value of around $20 billion then. The Bloomberg report from late Sunday says that both companies are still working out the details of the deal. Walmart would pay at least $12 billion for a majority interest in the company and a deal could be done within two weeks. It has not yet been decided if Flipkart's founders will continue to lead the business.

Access RDI's Walmart Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WMT

Our Actionable Research on Sears Holdings Corporation (NASDAQ: SHLD) and Walmart Inc. (NYSE: WMT) can be downloaded free of charge at Research Driven Investing.

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