Search for Sears Chairman Lampert Makes $4.6 Billion Bid For Bankrupt Retailer on Bing

Reuters: Top News, Reuters
Thu, 12/06/2018 - 10:05am

Sears Holdings Corp Chairman Eddie Lampert's ESL Investments Inc has made an offer valued at $4.6 billion to buy the bankrupt U.S. retailer, one of the only options that would prevent the department store chain from shutting its doors for good.

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BING NEWS:
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    The Pennsylvania Real Estate Investment Trust (PREIT) is coming out of its second bankruptcy in four years as a private company controlled by a small group of investment firms that purchased its debt.
    04/5/2024 - 9:47 am | View Link
  • Sears Has Only 12 Stores Left in America
    What happened? Walmart, Amazon and poor management. In 2004, Kmart bought Sears for $11 billion. Hedge fund manager Edward Lampert engineered the deal. The debt load taken on in the deal was ...
    12/11/2023 - 1:31 am | View Link
  • Do Not Resuscitate: The Saga of Sears, Hedge Fund Hubris And Media Ignorance
    In recent years, as Sears bled more than a billion dollars of cash each year, the usual suspects argued that Mr. Lampert was playing a deeper game by liquidating the company out of court ...
    11/7/2018 - 9:48 am | View Link
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