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Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

Postby smix » Thu Jan 17, 2019 8:42 am

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources
Reuters

URL: https://www.reuters.com/article/us-sear ... SKCN1PA0SW
Category: businessNews
Published: Wed, 16 Jan 2019 03:37:22 -0500

Description: 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 familiar with the matter said Wednesday.
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