Sears buys stake in Restoration chain
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From Times Wire Services
Sears Holdings Corp., the department store company run by investor Edward Lampert, said it bought a 13.7% stake in Restoration Hardware Inc.
Sears disclosed the stake in a regulatory filing and said it held talks with company executives regarding a possible business combination.
Restoration Hardware, a Corte Madera, Calif.-based home furnishings chain, agreed to be acquired last week by buyout firm Catterton Partners for $267 million.
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