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KMART TO SELL REMAINING SHARES IN SPORTS AUTHORITY
Published August 25, 1995
Kmart Corp. announced yesterday it will sell its remaining 29% stake in The Sports Authority Inc. The company's 6 million shares in the sporting goods chain will be offered to the public and Kmart will take the proceeds from the sale. During TSA's November IPO, Kmart reduced its holdings from 100% to about 29% (Mult., 8/25).