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Standex Signs Definitive Agreement to Sell Air Distribution Products Group ; Expects a Charge of $0.18 to $0.23 per Share for Q3

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Courtesy of Benzinga.

Sears Holdings Corporation (NASDAQ: SHLD) announced today a definitive agreement for the sale of eleven Sears full line store locations to General Growth Properties (NYSE: GGP) for a purchase price of $270 million. The transaction is expected to close in the next 45 to 60 days, subject to customary closing conditions.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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