By  on March 18, 2014

Sears Holdings Corp. will spin off its Lands’ End business on April 4 and give Sears shareholders 0.3 shares of the company for every Sears share they own.

Distributions will be made to Sears shareholders of record at 5:30 p.m. EDT on Monday. Fractional shares in the company will be aggregated and sold to the public with the proceeds from those sales distributed proportionately to the holders of the fractional shares not converted to Lands’ End stock.

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