Sears-Kmart Merger

Four months after the proposal was first announced, the deal has been finalized. The two corporations will combine to form Sears Holdings, which will be the 3rd biggest U.S. retailer, taking in over 55 billion dollars annually. Most stock holders anxiously awaited the merger between the two giants, though not all employees shared their optimism. Many workers fear massive layoffs are to come in some of the more then 3800 stores in the U.S. and Canada. The new chair of Sears Holdings Corp., Edward Lampert, has tried to ease concerns by voicing efficiency as the reason for the merger. In more economic terms, he would like to enjoy the economices of scale attributed with larger corporations. I myself am a little skeptical. To me efficiency means getting rid of parts that are not performing. What do you think?
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