Waiting period cleared for Sears/Lands’ End deal

Sears, Roebuck & Co.

has received an early termination waiting notice under the Hart-Scott-Rodino Act for its acquisition of Lands’ End. The notice indicates that Sears has satisfied certain conditions necessary to consummate its tender offer for Lands’ End. Sears agreed to buy Lands’ End in a cash tender offer for $62 per Lands’ End share—or $1.9 billion—on May 13. At least two-thirds of the fully diluted shares need to be tendered for the deal to close.