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Location: LaGrange, Kentucky, United States

The opinions and interests of a husband, analyst and Iraq war veteran.


Friday, November 19, 2004

Sears/Kmart Acquires France

The retail industry received another shake-up today as Sears Holding Corp. (NYSE: S), the parent company behind the recent merger of Sears and Kmart, announced the acquisition of embattled European cheesemaker France (NASDAQ: FROG). The buyout deal, estimated at $2.7 billion, will position Sears/Kmart/France as the world's third largest retailer and 15th ranked military power.


"There are a number of strategic moves that this deal opens up," explained Reed. "Now that they are a nuclear power and a member of the UN Security Council, Sears can invoke international sanctions against Wal Mart, and order airstrikes against Bentonville, Arkansas."

More at Iowahawk.

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