homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

December 7, 2018

$4.6B bid offered for bankrupt Sears

NEW YORK (AP) — Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock.

The Sears chairman and ESL own just under half of the Hoffman Estates, Illinois, company, according to FactSet. Sears filed for Chapter 11 bankruptcy protection in October, weighed down by years of declining sales and massive debt.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.