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Sears, Kmart Agree on Merger

Two of the nation's oldest and best-known retailers -- Sears, Roebuck and Co. and Kmart -- agree to merge in a deal worth an estimated $11 billion. The proposed merger would create a new entity called Sears Holdings, but will be mainly controlled by Kmart executives. NPR's Jim Zarroli reports.

Copyright 2004 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
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