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Sears chairman's fund bids $4.6 billion for bankrupt chain
5 monthes ago - By Stl Today
The hedge fund run by Sears chairman Edward Lampert is offering to buy much of Sears' remaining assets for about $4.6 billion with hopes of keeping the bankrupt retailer in business and continuing to employ about 50,000 of its workers...
Read more ...Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer
5 monthes ago - By Reuters
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.
Read more ...Sears' Chairman Wants to Buy the Company for $4.6 Billion
5 monthes ago - By Fortune
Eddie Lampert, the chairman and former CEO of Sears (who some blame for the retailer's current financial woes), wants to buy the embattled chain for $4.6 billion.
ESL Investments, Lampert's hedge fund, said it had submitted the bid to the bankruptcy court in a statement Thursday. The offer comes as Sears faces a Dec. 15 deadline to find a buyer.
ESL's bid would cover all of Sears' assets, including 500 stores, and would allow 50,000 of Sears 68,000 current employees to keep their jobs, the group said. ESL will need the support of creditors and the court for the offer to be accepted...
Read more ...Sears Chairman Eddie Lampert submits $4.6 billion proposal to save Sears
5 monthes ago - By CNBC
Sears Chairman Eddie Lampert presents his plan through a bid for the company led by his hedge fund, ESL Investments.
Read more ...Sears Chairman Lampert submits bid to buy bankrupt retailer
5 monthes ago - By Reuters
Sears Holdings Corp Chairman Eddie Lampert's ESL Partners LP has submitted a bid valued at $4.6 billion to buy the bankrupt retailer, the hedge fund said on Thursday.
Read more ...Sears' biggest holder bids $4.6B for rest of bankrupt chain
5 monthes ago - By Stl Today
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.
Read more ...Sears' biggest holder bids $4.6B for rest of bankrupt chain
5 monthes ago - By Chron
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.
ESL Holdings said in a regulatory filing Thursday that its nonbinding offer for roughly 500 remaining Sears stores will keep about 50,000 employees working. The offer is subject to due diligence and ESL's ability to get financing, among...
Read more ...Hedge fund run by Sears CEO Eddie Lampert want to spend $4.6 billion to take control of the storied department store
5 monthes ago - By Chron
NEW YORK - Hedge fund run by Sears CEO Eddie Lampert want to spend $4.6 billion to take control of the storied department store .
Read more ...Sears Chairman Lampert offers to buy bankrupt retailer
5 monthes ago - By Reuters
Sears Holdings Corp Chairman Eddie Lampert's ESL Partners LP has submitted a $4.6 billion bid to buy the bankrupt retailer, the hedge fund said on Thursday.
Read more ...Hedge fund run by Sears CEO Eddie Lampert want to spend $4.6 billion to take control of the storied department store
5 monthes ago - By Stl Today
NEW YORK - Hedge fund run by Sears CEO Eddie Lampert want to spend $4.6 billion to take control of the storied department store .
Read more ...Hedge fund run by Sears CEO Eddie Lampert want to spend $4.6 billion to take control of the storied department store
5 monthes ago - By Chron
NEW YORK - Hedge fund run by Sears CEO Eddie Lampert want to spend $4.6 billion to take control of the storied department store .
Read more ...
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