A U.S. bankruptcy judge approved Sears Chairman Edward Lampert’s $5.2 billion takeover bid of the company, saving off liquidation of the troubled retailer and hundreds of stores. The ruling means that thousands of jobs have been saved and 425 stores will remain open for now, according to Reuters. Judge Robert Drain of the U.S. Southern District Court in White Plains, N.Y, approved the sale on Thursday after overruling objections from Sears’ creditors. Lampert stepped down […]
source https://therealdeal.com/miami/2019/02/07/judge-approves-lamperts-5-2b-sears-takeover-bid/#new_tab
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