Lampert's Shopping Spree
His investments in Sears and Kmart have been hugely lucrative, even with the merged Sears Holdings stock down 25% from its peak.
by Julia Boorstin

(FORTUNE Magazine) - Kmart

January '02 Kmart files for Chapter 11. 2002: Lampert begins buying Kmart debt.

January '03 Lampert's purchases reach $800 MILLION MAY '03 Kmart emerges from bankruptcy. May '03 Lampert's debt converts to equity. He now owns 54% of Kmart. Value of Investment: $1 billion

June '04 Sears agrees to buy 50 stores from Kmart. Value: $3.9 billion

November '04 Kmart announces it is buying Sears. Value: $5.9 billion

Sears

2000: Lampert begins buying Sears stock.

June '03 Lampert discloses that he owns 10% of Sears. Value: $1 billion

June '04 Sears agrees to buy 50 stores from Kmart. Value: $1.1 billion

November '04 Kmart announces it is buying Sears. Value: $1.6 billion

Sears Holdings

March '05 Sears Holdings begins trading. Lampert owns 39%. Value: $8.5 billion

July '05 Stock rockets to $163. Value: $10.5 billion

February '06 Stock is at $121. Value: $7.9 billion 2006 Top of page

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