|Posted: 2018-Oct-11 18:17 by news bot|
Sources suggest Sears Holding Corp (SHLD) has missed payments to multiple vendors and is preparing to file bankruptcy soon.
|Posted: 2018-Oct-15 14:42 by news bot|
Sears has filed for Chapter 11 bankruptcy protection.
Sources suggest the firm will close 142 stores with liquidation expected to begin within 2 weeks.
|Posted: 2018-Oct-22 13:13 by news bot|
Reuters is reporting that Sears creditors are offering up to $600m in loans to keep the firm operational.
Negotiations are ongoing.
|Posted: 2018-Oct-26 13:15 by news bot|
Reuters is quoting unnamed sources to suggest that two members of the SHLD board have engaged Evercore Group to "scrutinize deals lead by former Sears CEO Eddie Lampert with the U.S. retailer before it filed for bankruptcy protection."