This is word games and I don’t think anyone is buying it
First statement:
“It is false to claim that Mr. Lampert, the CEO of Sears Holdings, is interviewing or otherwise is in talks with investment bankers about Sears Holdings’ interest in Sears Canada
So, he ISN’T CURRENTLY in talks with INVESTMENT BANKERS. Now, HAS he been? IS he GOING to be? IS he talking to private equity firms?
A true denial would have said:
It is false to claim that Mr. Lampert, the CEO of Sears Holdings, is or has been interviewing or otherwise is, has been, or has plan to enter into talks with investment bankers or other potential investors about Sears Holdings’ interest in Sears Canada
THAT is a denial. The final nail in the validity of this denial coffin came when the bolded statement below was made, “with a goal of increasing the value of our 51 per cent interest and realizing significant cash proceeds to support our transformation and to create value for our shareholders.”
UM, how exactly do they plan on “realizing significant cash proceeds” from Sears Canada without selling it either in whole or the continued slow steady asset divestiture? How…….Anyone???? Bueller? Bueller?
Yea, I can’t figure out how either.
From Sears:
OFFMAN ESTATES, Ill., Nov. 25, 2013 /PRNewswire/ — The following statement should be attributed to Sears Holdings:
“This morning’s report concerning Sears Canada by the New York Post contains false statements regarding Sears Holdings and its intentions for Sears Canada. In particular, it is false to claim that Mr. Lampert, the CEO of Sears Holdings, is interviewing or otherwise is in talks with investment bankers about Sears Holdings’ interest in Sears Canada. Similarly, the claim that Mr. Lampert is conducting a ‘beauty contest’ also is false.
“Sears Holdings reiterates its October 29, 2013, statement that Sears Holdings will work with the board and management of Sears Canada with a goal of increasing the value of our 51% interest and realizing significant cash proceeds to support our transformation and to create value for our shareholders.”
Something is going to happen with it. This denial, far from extinguishing that thesis only cemented it