Sears Holdings Corp. Chairman Eddie Lampert has won a bankruptcy auction for the beleaguered retailer in move that could keep hundreds of stores open. Lampert and his ESL Investments hedge fund won with a $5.2 billion bid for the bankrupt Hoffman Estates, Illinois-based retailer that will keep more than 400 stores open and save nearly 50,000 jobs, according to reports. The Wall Street Journal reported Lampert won the days-long bidding process by upping an original bid of $5 billion during negotiations…
from https://www.bizjournals.com/baltimore/news/2019/01/16/lampert-wins-sears-auction.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/182062928807
No comments:
Post a Comment