Retailer Sears Holdings has attempted to solicit shareholder votes for its planned acquisition of Sears Canada through filing a proxy circular.

At the meeting shareholders will be asked to consider a proposed consolidation of the shares of Sears Canada, which if approved in accordance with all legal requirements, would result in Sears Canada becoming a wholly-owned subsidiary of Sears Holdings.

The company has also extended its bid for the business until 20 November.