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Sears survives, as judge approves sale to Lampert

Sears will stay alive thanks to Bankruptcy Court Judge Robert Drain, who on Thursday approved the sale of of the retailer's assets to a hedge fund controlled by Sears Chairman Eddie Lampert for $5.2 billion. The ruling will allow 425 stores to r.....»»

Category: topSource: bizjournalsFeb 7th, 2019

Judge approves $5.2 billion sale of Sears to Eddie Lampert

A U.S. bankruptcy judge on Thursday approved Sears Holdings chairman Eddie 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......»»

Category: topSource: moneycentralFeb 7th, 2019

Judge approves $5.2 billion sale of Sears to Eddie Lampert

A U.S. bankruptcy judge on Thursday approved Sears Holdings chairman Eddie 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......»»

Category: topSource: moneycentralFeb 7th, 2019

Eddie Lampert"s deal to buy Sears granted approval, as retailer is given a second life

Sears Chairman Eddie Lampert's $5.2 billion deal to buy the retailer is expected to save 425 stores and roughly 45,000 jobs......»»

Category: realestateSource: cnbcFeb 7th, 2019

Sears makes case to judge for rescue deal with chairman Lampert

The once-mighty Sears department store chain took its fight for survival to a bankruptcy judge on Monday, arguing the proposed $5.2 billion sale to its chairman, Eddie Lampert, would help save 45,000 jobs and keep 425 stores open......»»

Category: topSource: reutersFeb 4th, 2019

U.S. agency seeks approval to take over Sears pensions

A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert's proposed $5.2 billion buyout of the bankrupt retailer......»»

Category: topSource: reutersFeb 1st, 2019

Lampert"s bid for Sears "strains credulity" and is a "Hail Mary," say creditors

Creditors of Sears Holdings Corp. have increased their criticism of the bid for Sears by Chairman Eddie Lampert and his ESL Investments hedge fund. Earlier this month, Lampert and ESL proposed a $5.2 billion bid for the bankrupt Hoffman Estates, Illi.....»»

Category: topSource: bizjournalsJan 29th, 2019

"Years of misconduct" by Lampert and ESL precipitated Sears" demise, say creditors

"Years of misconduct" by Sears Chairman Eddie Lampert and his ESL hedge fund precipitated the demise of Sears Holdings Corp., the company's creditors alleged in bankruptcy court. Last week, Lampert won a bankruptcy auction with a $5.2 billion bid.....»»

Category: topSource: bizjournalsJan 25th, 2019

Sears creditors challenge hedge fund chairman"s winning bid

A group of Sears creditors are challenging Chairman Eddie Lampert's hedge fund's winning $5.2 billion bid to buy the business in a bankruptcy auction and wants to air their grievances in court. Sears confirmed Thur.....»»

Category: topSource: moneycentralJan 17th, 2019

Lampert wins Sears bankruptcy auction with $5.2 billion bid

Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, allowing it to keep its more than 400 stores running......»»

Category: topSource: reutersJan 17th, 2019

Sears Accepts $5.2 Billion Rescue Package From Eddie Lampert

Sears Holdings corporation announced on Thursday that it has accepted a $5.2 billion bid by Chairman Eddie Lampert's ESL Investments, preserving approximately 45,000 jobs upon approval.  ESL will acquire "substantially all of.....»»

Category: blogSource: zerohedgeJan 17th, 2019

Lampert wins Sears auction, more than 400 stores to remain open

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.....»»

Category: topSource: bizjournalsJan 16th, 2019

Sears Chairman Lampert wins auction, more than 400 stores to remain open

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.....»»

Category: topSource: bizjournalsJan 16th, 2019

Meet "Canada"s Warren Buffett," the 90-year-old billionaire who drives a Toyota pickup truck around his hometown and owns a $25 million yacht

Phillip Chin/Getty Images Jim Pattison, who has a reported net worth of $5.9 billion, has been called "Canada's Warren Buffett." Like Buffett, Pa.....»»

Category: topSource: businessinsiderJan 12th, 2019

Sears chairman bids $5 billion to save retailer

Sears chairman Eddie Lampert submitted a bid of more than $5 billion for the company on Thursday. Fred Katayama reports......»»

Category: videoSource: reutersJan 10th, 2019

Sears chairman confirms new $5 billion bid to save bankrupt retailer

Sears Holdings Corp Chairman Eddie Lampert confirmed on Thursday he has made a new takeover bid of more than $5 billion for the company, an offer that may significantly increase the likelihood the U.S. department store will be able to stay in business......»»

Category: topSource: reutersJan 10th, 2019

Lampert Boosts Sears Rescue Package To $5 Billion In Last-Ditch Effort To Avoid Liquidation

Sears Chairman Eddie Lampert has gone back to the drawing board in his bid to save the company from liquidation, emerging .....»»

Category: blogSource: zerohedgeJan 10th, 2019

Eddie Lampert sweetens Sears bid by $600 million ahead of an auction that will decide the company"s fate (SHLD)

Reuters Sears Chairman Eddie Lampert on Wednesday boosted his takeover bid to $5 bil.....»»

Category: topSource: businessinsiderJan 10th, 2019

Sears chairman submits new $5 billion bid to save bankrupt retailer

Sears Holdings Corp Chairman Eddie Lampert submitted a revised takeover bid of more than $5 billion for the company on Thursday, a regulatory filing showed, providing hope the 126-year-old U.S. department-store chain could avoid liquidation......»»

Category: topSource: reutersJan 10th, 2019

Eddie Lampert makes new offer for Sears worth more than $5 billion

ESL Investments Inc., the hedge fund owned by Sear's Holdings Corp.'s main shareholder and former CEO Eddie Lampert, said Thursday a newly-formed unit called Transform Holdco LLC, is making a n.....»»

Category: topSource: marketwatchJan 10th, 2019