Sears’ controversial ex-chairman closes deal to buy the company, keeping 425 stores open – USA TODAY

CLOSE With Sears filing for bankruptcy and so many stores closing, the end may be drawing near for the iconic American retailer. Many of us aren’t ready. USA TODAY It’s official: A hedge fund helmed by Sears’ controversial ex-CEO has closed the deal to buy the beleaguered company for $5.2 billion. A federal bankruptcy judge…

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Sears survived bankruptcy. Can it survive long term? – CNN

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Sears reaches deal with Chairman Eddie Lampert to save company and roughly 400 stores – CNBC

There have been questions about the bid’s ability to cover Sears’ administrative expenses, like vendor payments and advisory fees. The bid is relying on a $1.3 billion so-called credit bid — funding the deal in part by forgiving debt owed to ESL Investments. Sears’ unsecured creditors have objected to its use. On Tuesday, Lampert seemed…

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Sears Still Looks Doomed Even If It Escapes Liquidation For Now – Seeking Alpha

Sears Holdings (OTCPK:SHLDQ) may potentially continue to operate stores for a little while longer, depending on the results of Lampert’s bid. However, any continued survival appears likely to only exist to facilitate continued inventory clearance and a more manageable transition of real estate assets to other tenants. Sears has shown no indication that it can…

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It’s do-or-die time for Sears – CNN

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Sears weighs 50 to 80 more store closures as challenges mount for Eddie Lampert’s bid to keep the retailer alive – CNBC

Even as Eddie Lampert is trying to keep Sears alive, the company is preparing for its potential doom. Sears’ chairman, Eddie Lampert, earlier this month unveiled his $4.6 billion proposal to save Sears by buying the company out of bankruptcy through his hedge fund, ESL Investments. Such a deal is likely its last chance at…

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Bankrupt Sears wants to give executives $19 million in bonuses

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