Sears currently holds just less than13.7% of the 102-storeRestoration Hardware's stock. Sears' offer is contingent uponcompany information about Restoration Hardware that Sears'management says it has not yet received.
According to a Sears letter to Restoration Hardware executives,the company first made its intention to acquire the retailer knownin June. Restoration Hardware is entertaining offers other than theCatterton bid until Dec. 13.
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