Private equity firm Sycamore considers bid for Sears Canada: Reuters

U.S. private equity firm Sycamore Partners is considering a bid for Sears Canada Inc, sources told the New York Post, Reuters reported. Eddie Lampert, who owns a controlling stake in Sears Holdings Corp (SHLD.O), expects up to US$2 billion for the 176-store chain. In May, Sears Holdings said it was looking to sell its 51 percent stake in Sears Canada and will hire an investment bank to explore options.

DealsCanadaNorth AmericaBriefs