OSH 1 Liquidating Corp. Preferred Series A(fka OSHSQ)

[chaarles]

Get ready for bidders to appear at the auction, 82 big stores for 300 mill. Is a good deal taking into account that Sears paid 308 million $ in 1996 for 61 stores.


Sears to Pay $308 Million For Hardware Store Chain
By PETER TRUELL
Sears, Roebuck & Company agreed yesterday to buy the Orchard Supply Hardware Stores Corporation for $308 million as part of a rapid national expansion of its chain of hardware stores. Orchard, based in San Jose, Calif., has 61 hardware stores, all in California. Sears has 115 hardware stores in 14 markets east of the Mississippi, but none in California. The company has said it may have as many as 500 hardware stores nationwide by the end of the century.
August 16, 1996, Friday