Sears Head Eddie Lampert Teams With Cyrus on Possible Takeover
Wednesday, 28 November 2018 () Cyrus Capital Partners and a hedge fund run by Sears Holdings Corp. Chairman Eddie Lampert are preparing a potential joint takeover bid that would keep the bankrupt chain alive, according to people with knowledge of the matter.
According to Reuters, Sears is in discussions with Chairman Eddie Lampert and lenders on a deal to expand a bankruptcy financing package that would help the company avoid liquidation.The negotiations..
According to Reuters.com, "Two Sears Holdings Corp SHLDQ.PK board directors have hired investment bank Evercore Inc to scrutinize deals that were led by former Sears Chief Executive Eddie Lampert with..
Sears Holdings filed for Chapter 11 bankruptcy protection early Monday morning. Business Insider reports that the iconic American retailer will close 142 stores by the end of 2018. The department store..