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Sears Holdings Announces ESL Investments As Winning Bidder In Bankruptcy Court-Supervised Auction

Jan 17, 2019 - PR Newswire
Mergers and Acquisitions

PR Newswire

Sears Holdings Corporation ("Holdings," "we," "our," or the "Company") today announced that ESL Investments, Inc. was selected as the winning bidder in the Company's auction. Subject to Bankruptcy Court approval, ESL will acquire substantially all of the Company's assets, including the "Go Forward Stores" on a going-concern basis for approximately $5.2 billion.

The hearing to approve the sale is currently scheduled for February 1, 2019. Provided the closing conditions ...