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Sears is soaring after reports it may sell part of its business (SHLD)

Sears Holdings has received a number of bids for its Craftsman tool business and the stock is soaring, according to Bloomberg. The report said that Stanley Black & Decker and Hong Kong-based Techtronic Industries have made bids for the business based on sources close to the matter. The brand may be worth $2 billion according to the Bloomberg report, and other businesses that have not bid yet — including Apex Tool Group and Sweden-based Husqvarna — are looking into bids.
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