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| Gary7 |  MergerJanuary 18th, 2007 10:48 AM Kythri - To simplify a longer story and I only know what I read in the papers: The stockholder that constructed the K-mart and Sears "merger", whose name I've forgotten and who also owns interests on other stores, had a majority (controlling) interest in K-mart but only a plurality (the largest but not a majority) interest in Sears. He could more easily build a deal(with approvals) for K-mart to "buy" Sears but not the other way. |
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