Sears Bankruptcy Update: Judge May Reject Lampert’s Bid After All
Posted: Thu Jan 31, 2019 7:45 pm
International Business Times - 1/31/2019 - Dawn Geske - Sears (SHLDQ) is not out of the woods yet, even with a $5.2 billion bid from Chairman Eddie Lampert to save the retailer. The company is getting pressure from the U.S. government, mall owners, and other creditors looking to block Lampert’s bid in court, USA Today reported. A federal agency that backs corporate pensions is accusing Lampert’s restructuring plan as an attempt to gain ownership of Sear’s Kenmore appliance and DieHard tool brands, according to the outlet. Read more @ https://www.ibtimes.com/sears-bankruptc ... ll-2758224