Cases & Deals

Pershing Square sells its interest in Sears Canada

Clients Pershing Square Capital Management, L.P.

Jones Day advised Pershing Square Capital Management, L.P. in its CAD$560 million (US$558 million) sale of 18,660,880 Common Shares of Sears Canada Inc. to Sears Holdings Corporation, the biggest U.S. department-store company. The shares sold represent approximately 17.57% of the outstanding shares of Sears Canada.

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