Sears and Centro JV? The End of Kmart? - Todd Sullivan

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Sears and Centro JV? The End of Kmart?
Jul 09, 2008 09:38 AM UTC

Todd Sullivan

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Symbol	Sentiment	Start	Return	Closed
SHLD	n/a
CNP	n/a

Via Todd Sullivan's ValuePlays:

There has been some of this floating around as if it is something new so I decided to look at the SEC filings for Centro (CNP) , formerly New Plan Excel Realty Trust for more information.

The rumor was this venture was formed in October to perhaps finish off the Kmart chain for Sears Holdings (SHLD). Like the other rumors (Sears going private), not so fast.

5/5/2008 10-Q
"NPK Redevelopment I, LLC. The Company has a joint venture with Kmart Corporation (Sears Holding Corp.) pursuant to which...

Continued at Todd Sullivan's ValuePlays

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