10:47 AM EST - Sears Canada Inc. : announced today that the transaction originally announced on March 11, for the sale and leaseback of three of its properties to Concord Pacific Group of Companies, has closed for total proceeds of $140 million. The after-tax proceeds, including adjustments, are currently estimated to be approximately $130 million. Sears Canada Inc.
shares T.SCC are trading down $0.09 at $10.72.
