Roebuck placed his interest in the company in the hands of Sears who, in turn, offered that half of the company be sold to Chicago businessman Aaron Nusbaum, who in turn brought in Rosenwald, to whom Sears owed money. In August 1895, Sears sold Roebuck's half of the company to Nusbaum and Rosenwald for $75,000. The new Sears, Roebuck and Company was re-incorporated in Illinois with a capital stock of $150,000 in August 1895. Sears and Rosenwald got along well, but Nusbaum was a problem. Sears and Rosenwald bought him out for $1.3 million in 1903.