A dismantled sign sits leaning outside a Sears department store one day after it closed as part of multiple store closures by Sears Holdings Corp in the United States in Nanuet, New York, U.S., January 7, 2019. REUTERS/Mike Segar
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Sears Holdings Corp. Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people who are familiar with the matter said Wednesday.Spokespeople for Sears and ESL did not immediately return requests for comment.Lampert's only challenger in the auction was Sears itself, and how much it would reap in a sale of its businesses and assets in pieces, the people said. Lampert, Sears' biggest lender and shareholder before it filed for bankruptcy, merged the department store with discount chain Kmart in 2005 in an $11 billion deal.
FOLLOW THIS ARTICLE