Company tries to hold off Sears
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From Times Wire Services
Restoration Hardware Inc., a Corte Madera, Calif.-based home-furnishings chain, said it might consider Sears Holdings Corp.’s $269-million takeover bid and provide confidential financial data if Sears agreed not to start a tender offer for its shares.
Sears has so far refused to sign an agreement precluding that from happening, Restoration Hardware said.
Sears’ revised bid of $6.75 a share is a “vast improvement” over its previous offer of $4, Restoration Hardware said.
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