Sears set to spin off Orchard Supply stock on Friday

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Stock in Orchard Supply Hardware Corp.    will be distributed on Friday to Sears Holdings Corp.    shareholders as the venerable chain becomes independent once more.

Regular trading will begin Tuesday in the Class A common stock and Series A preferred stock shares of Orchard, an 89-store retail hardware chain based in San Jose, which will be on the Nasdaq stock market under the “OSH” ticker symbol.

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(as reported by Silicon Valley Business Journal)