Having been taken to the brink of liquidation, bankrupt retailer Sears will live to fight another quarter or two, after Bankruptcy Judge Robert Drain on Thursday approved Chairman Eddie Lampert’s $5.2 billion bid to keep the once-iconic retailer alive. The court decision, which had been challenged by Sears' creditors, assures that Lampert’s quest to preserve about 425 stores and 45,000 jobs will continue for the foreseeable future. Drain said on Thursday he will enter the order on Friday,...Zero Hedge
Sears Chairman Eddie Lampert's $5.2 billion deal to buy the retailer is expected to save 425 stores and roughly 45,000 jobs.CNBC
Time will tell what happens nextwww.infowars.com
Some retail experts said Lampert's moves over the years were intended to extract value for himself at the expense of other stakeholders.NBC News
A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert's $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to narrowly avert liquidation and preserve tens of thousands of jobs.U.S.
The approval means roughly 425 stores and 45,000 jobs will be saved. But Sears' long-term survival remains in question.NBC News
Eddie Lampert's $5.2 billion deal to buy Sears out of bankruptcy, is the only deal that would stave off liquidation and save 45,000 jobs. But Sears plans more store closures and layoffs in 2019.CNBC