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  "documentTitle": "Sears | Investor Presentation Deck | 14 slides",
  "authorId": "sears",
  "authorName": "Sears",
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  "presentationDate": "2005-03-01 00:00:00",
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      "kind": "list",
      "text": "Stock conversion element of merger transaction is generally tax free to Kmart and Sears shareholders",
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      "kind": "list",
      "text": "Kmart shares to be converted to Sears Holdings common stock at rate of 1 to 1",
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      "text": "Sears, Roebuck and Co. shares: 55% converted to Sears Holdings common stock at rate of 1 to 0.5; 45% converted to cash at rate of $50 per share; Offer currently represents 31% premium; Sears shareholders able to elect; ESL will elect stock.",
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      "text": "*Based on $101.61 closing price of Kmart shares on 3/2/05 and the $38.52 average closing price of Sears stock on the 30 trading days prior to 11/17/04",
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