State Street is now becoming very valuable property, and Carson's lease is way under-market.
You see the guy out on the street selling coffee, donuts, fruit - his business is destroyed. There are a lot of small businesses that will close or that won't be able to pay their bills next year because of the strike.
This deal is a classic Wall Street creation, ... Sears' store sales are down for 22 consecutive months. The company is in a crisis. It had to find a way to pump up its stock and reward its shareholders. Wait until the smoke clears.
The nightmare goes on and when Wall Street finds that out, the stock price goes right back down,
The jewel that Federated would want is the Marshall Field's flagship State Street store in Chicago.