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Sears bankruptcy watch : Showdown in court focuses on jobs, closings

Feb 05, 2019 - Chicago Tribune

Ever since Edward Lampert's hedge fund, ESL Investments, made a $5.2 billion offer to buy the assets of the retail giant Sears Holdings and bring it out of bankruptcy, he has insisted that his offer is the only one that would keep the business going.

But the plan has run into opposition from creditors skeptical that Sears will be any more successful after exiting bankruptcy.

On Monday, Sears Holdings Corp. and its creditors appeared before Judge Robert Drain in U.S. Bankruptcy Court ...