Two Canadian firms reportedly planning to bid for Sears Canada

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Two Canadian firms reportedly planning to bid for Sears Canada

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Two of Canada’s largest real estate investment trusts, RioCan REIT and a unit of H&R REIT, are among the potential bidders for Sears Canada‘s assets now that the retailer has gotten the green light to entertain offers, two sources say. The REITs are currently looking at the leases but are also waiting to see how the company may be restructured before they make an offer, the sources say. Read the Bloomberg story here

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