Sears Holdings completes Orchard Supply spinoff

Hoffman Estates-based Sears Holdings Corp. announced it has completed its spinoff of its interest in Orchard Supply Hardware Stores Corporation.

Orchard is now independent from Holdings and its Class A Common Stock will begin trading on Jan. 3 on the Nasdaq Capital Market under the ticker symbol “OSH,” and Orchard's Series A Preferred Stock will be quoted on the OTCQB. Holdings will continue to be listed on the Nasdaq Global Select Market under the symbol “SHLD.” Holdings' shareholders of record as of the close of business on Dec. 16 received shares of Orchard Class A Common Stock and Orchard Series A Preferred Stock, on a pro-rata basis, that were held by Holdings immediately prior to the spinoff.