We believe that most Sears Canada shareholders will agree that 16.86 is a fair price and will tender their shares to our offer once it is formally made.
More Quotes from Alan Lacy:
As work on improving the performance of full-line stores progresses, it has become clear that a broad cosmetics business no longer fits with our financial and strategic objectives for Sears full-line stores,Alan Lacy
Our offer represents full and fair value for Sears Canada.
Alan Lacy
We think in terms of pricing and assortment we have very good offerings, ... But we have not been able to break through consumers minds in terms of value perception.
Alan Lacy
As in the second quarter, we have been able to weather the difficult top-line environment by effectively managing our retail operating expenses and inventories. We are also pleased to have achieved continued gross margin expansion in the third quarter,
Alan Lacy
If people can't pay the credit in 180 days, and these are people who would pay in the 240 days they get from Sears, that would affect them,
Alan Lacy
We are extending our offer to provide shareholders with a continued opportunity to tender to our 16.86 offer, which we believe represents a full and fair price.
Alan Lacy
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