A company owned by former Sears Chairman Eddie Lampert's ESL Investments filed suit this week against what's left of the storied retailer alleging that the company withheld assets that should have been turned over after Lampert's company won the bid...
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May 29, 2019, 09:05 AM
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Sears Holdings is suing its former CEO and would-be savior Eddie Lampert for allegedly offloading company real estate to finance his own purchase of Sears' assets at the expense of creditors.According to multiple media reports, the complaint named...
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April 19, 2019, 09:15 AM
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Ten days after Sears Holdings Chairman Eddie Lampert was named the winning bidder for the remaining assets of the 125-year old retail giant, creditors are fighting back, accusing Lampert and his hedge fund ESL Investments of orchestrating "a...
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January 28, 2019, 09:00 AM
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Sears Chairman Eddie Lampert isn't letting the company's 125-year retail legacy go without a fight. According to multiple news reports, Lampert tacked on to his original bid to buy the company through his hedge fund ESL Investments after his original...
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January 10, 2019, 08:00 AM
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The iconic 125-year old retailer Sears may have less than 24 hour to survive before creditors opt to liquidate the storied firm, which filed for bankruptcy in October, according to published reports. Despite receiving $300 million in debtor in...
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December 28, 2018, 08:53 AM
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ESL Investments Inc., a hedge fund founded by Eddie Lampert, has placed a bid of $4.6 billion to purchase what remains of Sears Holdings Corp. over the objections of other creditors who favor liquidating the troubled retailer.
According to an SEC...
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December 07, 2018, 10:00 AM
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Sears Holdings Corporation announced that certain of its subsidiaries have entered into a $500 million committed secured loan facility maturing in July 2020. $321 million was funded under the Loan Facility today and up to an additional $179 million...
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January 05, 2017, 08:30 AM
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Sears Holdings Corporation announced that certain of its subsidiaries (the "Borrowers") have entered into a 15 month $500 million committed secured loan facility (the "Loan Facility") maturing in July 2017. $250 million was funded under the Loan...
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April 11, 2016, 08:59 AM
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