What is the Phosphorus Index (PI)? The Phosphorus Index is a tool used to assess the potential for phosphorus (P) to move from agricultural fields to surface water. It uses an integrated approach that considers soil and landscape features as well as soil conservation and P management practices in individual fields.
At the end of July 1997, Sears stock price peaked at a closing price of $63.13. In 2004, Kmart Holding Corporation announced its intention to acquire Sears. The merger on March 24th, 2005, was worth $11 billion and put Kmart Holding Corporation, Kmart and Sears under the new âSears Holdings Corporationâ.
According to the agreement, Sears will get a cash payment of $525 million at closing and another $250 million after three years. Sears will also get annual payments of between 2.5% and 3.5% on new Stanley Black & Decker sales of Craftsman products for 15 years.