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Sears to stay in business after Eddie Lampert’s hedge fund wins bankruptcy auctionLampert’s bid prevailed over competing proposals from liquidators that would have forced the chain to shut down and sell its assets
Source: nationalpost - 🏆 10. / 80 Read more »
Sears picks liquidator in case Eddie Lampert’s US$4.4-billion takeover bid falls through: sourcesSears has lined up Abacus Advisory Group to sell the chain’s vast inventories of tools, appliances and store fixtures should negotiations with Lampert fail
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Sears chairman Eddie Lampert’s $5.2-billion bid wins bankruptcy auctionImproved bid comes after weeks of deliberations that culminated in a days-long bankruptcy auction
Source: globeandmail - 🏆 5. / 92 Read more »
How Eddie Lampert’s deal to save Sears came togetherBehind the chairman’s three-week battle to acquire the company’s businesses and 425 stores, preserving about 45,000 jobs globebusiness Thank goodness - I’m still waiting for my order that I placed from the Sears catalogue - seems like I placed that order quite awhile ago ParodyCabinet
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Sears makes case to U.S. bankruptcy judge for rescue deal with chairman Eddie LampertThe once-mighty department store chain is arguing the proposed $5.2-billion sale to its chairman would help save 45,000 jobs and keep 425 stores open
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Eddie Lampert sweetens bid to keep Sears open to more than $5 billionThe new bid is about US$600 million more than Lampert previously offered Unless there is a new image and something the other stores have close it down
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Sears saved by chairman’s $5.2 billion bid, last-minute reprieve for up to 45,000 workersSears saved by chairman’s $5.2 billion bid, last-minute reprieve for up to 45,000 workers Sears
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Sears picks liquidator in case chairman’s takeover plan falls through: sourcesSears has lined up Closter, New Jersey-based Abacus Advisory Group LLC to sell the chain’s vast inventories of tools, appliances and store fixtures should negotiations with Chairman Edward Lampert over his $4.4 billion takeover bid end unsuccessfully
Source: globeandmail - 🏆 5. / 92 Read more »
Sears to ask judge for permission to liquidate as chairman’s takeover talks fall apart: sourcesSears, which filed for bankruptcy protection last October, may have to close hundreds of stores it is still operating, potentially putting up to 68,000 people out of work
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Sears bankruptcy renews questions about the steep costs of going brokeThe fate of Sears Holdings Corp highlights a harsh reality of U.S. bankruptcy – it requires armies of pricey specialists in a system driven by an outcome, not costs globebusiness What?
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