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Sears to Acquire Stores From Kmart and Wal-Mart in Expansion of Sears Grand Concept
HOFFMAN ESTATES, Ill. - Sears, Roebuck and Co. here has agreed to acquire ownership or leasehold interest in up to 61 off-mall stores in key Sears markets from Kmart Holding Corp. and Wal-Mart Stores, Inc. for approximately $620 million in cash.