Restoration Hardware to Provide Information to Sears

Corte Madera, Calif., In ongoing news on the proposed purchase of Restoration Hardware by Sears Holdings Corp., the home furnishing chain said Tuesday it will agree to provide Sears Holdings Corp. the confidential information it requested, if Sears agrees to execute a customary confidentiality and standstill agreement on terms similar to those other parties have agreed to.

The proposal follows Monday’s announcement by Hoffman Estates, Ill.-based Sears that it was prepared to offer $6.75 a share in cash for the Restoration Hardware if it got access to information that would help it decide whether to submit a binding proposal to acquire the company.