April 1 (Reuters) - Sears Holdings Corp plans to raise more than $2.5 billion from shareholders by offering rights to buy shares in a real estate investment trust that will hold some of its stores.
The REIT is the latest in a series of steps Chief Executive Eddie Lampert has taken to shore up the finances of the retailer, which has posted losses for nearly three years.
16:37 Fitbit acquires software assets from rival Pebble10
14:31 Lost Christmas parcels 'prompt two-and-a-half-hour hunt'10
14:49 Trump warns of ‘retribution’ for companies that offshore jobs, threatening 35 percent tariff17
18:05 DP World, Quebec's Caisse to create C$5 billion investment vehicle20