Sears Hometown and Outlet Stores, Inc.

Company: Sears Hometown and Outlet Stores, Inc.

Deadline: June 21, 2019

Kaskela Law LLC is investigating Sears Hometown and Outlet Stores, Inc. (“Sears Hometown” or the “Company”) (Nasdaq: SHOS) on behalf of the Company’s shareholders.

On June 3, 2019, Sears Hometown announced that it had entered into a merger agreement with Transform Holdco LLC (“Transform”) whereby Transform will acquire the outstanding publicly traded shares of Sears Hometown for a base price of $2.25 per share in cash. According to the announcement, ESL Investments, Inc. (“ESL”) and its affiliates are the majority owners of Transform, and own approximately 58% of Sears Hometown’s outstanding shares. Following the closing of the proposed transaction, Sears Hometown will cease to be a publicly traded company.

The investigation seeks to determine: (i) whether $2.25 per share represents adequate consideration for the Company’s shares; (ii) whether the Company’s executive officers and/or directors violated the securities laws or breached their fiduciary duties in connection with the transaction with Transform; and (iii) whether the Company’s shareholders are receiving all material information in connection with the transaction with Transform.

Sears Hometown shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or by completing the information form on this page, to discuss this investigation and their legal rights and options with respect to this transaction.

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