— Furniture Today,
HOFFMAN ESTATES, Illinois — Sears Holdings has extended its offer for all of the common shares of Sears Canada that it does not already own until Sept. 29.


Sears Holding, which owns Sears, Roebuck & Co. and Kmart in the United States, also will appear in Ontario Divisional Court on Sept. 18 to appeal a recent order by the Ontario Securities Commission that halted the company’s bid to take Sears Canada private by the end of the year.

The OSC ruled that Sears Holdings’ takeover offer failed to comply with Ontario securities laws and ordered it to prepare a new circular. Sears Holding was prohibited from taking up and paying for common shares under the offer unless conditions specified in the order are met.

In a statement, Sears Holding said that the offer may be further extended to protect its rights until the appellate process is exhausted and a final decision is rendered.