What was meant to be a last-ditch effort now has a back-up plan. The Sears bankruptcy saga continued today as the company disclosed that Chairman Eddie Lampert’s hedge fund, ESL Investments Inc., expressed interest in buying the retailer’s real estate for $1.8 billion. ESL submitted a $4.4 billion bid to keep some Sears stores open last Friday, on the last day for parties to submit bids for the bankrupt retailer. Liquidation groups submitted two competing […]
source https://therealdeal.com/2019/01/02/sears-chairman-to-offer-1-8b-for-companys-real-estate-holdings-if-auction-bid-fails/
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