Sears Canada Acknowledges Sears Holdings Release Announcing Possible Divestiture

Sears Canada Acknowledges Sears Holdings Release Announcing Possible 
Divestiture 
TORONTO, May 14, 2014 /CNW/ - Sears Canada Inc. (TSX: SCC) acknowledges the 
release today by Sears Holdings Corporation (NASDAQ: SHLD) announcing its 
intention to explore strategic alternatives including the potential 
divestiture of its remaining shares in Sears Canada and/or the sale of Sears 
Canada as a whole.  Sears Canada's board and management intend to cooperate 
fully with Sears Holdings in this process to achieve value for all 
shareholders. 
The text of the Sears Holdings release on this issue is set out below. 
Although the Company believes that the forward-looking information presented 
with respect to a possible divestiture by Sears Holdings is reasonable, such 
forward-looking information involves known and unknown risks, uncertainties 
and other factors which may cause actual results, performance or achievements 
to be materially different from any future results, performance or 
achievements expressed or implied by the forward-looking information, and 
undue reliance should not be placed on such information. The forward-looking 
statements in this release are made as of the date hereof. The Company does 
not undertake any obligation to update publicly or to revise any 
forward-looking information, whether as a result of new information, future 
events or otherwise, except as required by law. 
The following is the text of the Sears Holdings release: 
NEWS MEDIA CONTACT:
Sears Holdings Public Relations
(847) 286-8371 
FOR IMMEDIATE RELEASE:
May 14, 2014 
SEARS HOLDINGS PROVIDES UPDATE ON ITS INTEREST IN SEARS CANADA INC. 
HOFFMAN ESTATES, Ill. - Sears Holdings Corporation (NASDAQ: SHLD) announced 
today that it is exploring strategic alternatives for its 51% interest in 
Sears Canada, including a potential sale of Sears Holdings' interest or Sears 
Canada as a whole. In connection with those efforts, Sears Holdings intends to 
engage an investment banking firm. 
Sears Canada's board of directors has advised Sears Holdings that Sears 
Canada's board and management intend to cooperate fully with Sears Holdings in 
this process to achieve value for all shareholders. 
Forward-Looking Statements 
This press release contains forward-looking statements with respect to 
possible transactions involving Sears Canada Inc.  Forward-looking statements 
are subject to risks and uncertainties that may cause our actual results, 
performance or achievements to be materially different from any future 
results, performance or achievements expressed or implied by these 
forward-looking statements.  Such statements are based upon the current 
beliefs and expectations of our management and are subject to significant 
risks and uncertainties.  The following factors, among others, could cause 
actual results to differ from those set forth in the forward-looking 
statements: our ability to enter into or complete a possible transaction with 
respect to Sears Canada on acceptable terms, on intended timetables or at all; 
the form or terms and conditions of any such transaction; the impact of the 
evaluation and/or completion of any such transaction on our other businesses; 
and the potential impact on our business from the announcement contained in 
this press release.  We intend the forward-looking statements to speak only as 
of the time made and do not undertake to update or revise them as more 
information becomes available except as required by law. 
About Sears Holdings Corporation 
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer 
focused on seamlessly connecting the digital and physical shopping experiences 
to serve our members - wherever, whenever and however they want to shop. Sears 
Holdings is home to Shop Your Way(tm), a social shopping platform offering 
members rewards for shopping at Sears and Kmart as well as with other retail 
partners across categories important to them. The company operates through its 
subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with 
more than 2,350 full-line and specialty retail stores in the United States and 
Canada. For more information, visit www.searsholdings.com. 
** * ** 
This is the conclusion of the text of the Sears Holdings release. 
Sears Canada is a multi-channel retailer with a network that includes 176 
corporate stores, 234 Hometown stores, over 1,400 catalogue and online 
merchandise pick-up locations, 97 Sears Travel offices and a nationwide repair 
and service network. The Company also publishes Canada's most extensive 
general merchandise catalogue and offers shopping online at www.sears.ca.
 

SOURCE  Sears Canada Inc. 
Contact for Media: Vincent Power Sears Canada Corporate Communications 
vpower@sears.ca 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/May2014/14/c8202.html 
CO: Sears Canada Inc.
ST: Ontario
NI: RET  
-0- May/14/2014 10:30 GMT
 
 
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