Sears chairman’s hedge fund wins company’s bankruptcy court auction
CHICAGO (UPI) -- Sears Holdings said Thursday that ESL Investments, the hedge fund owned by its chairman and largest investor, won the company's bankruptcy auction. Eddie Lampert's investment firm will pay $5.2 billion for substantially all of Sears' remaining assets, including 425 stores, its Home Services business, and the Kenmore and DieHard brands, if approved by the court. "We are pleased to have reached a deal that would provide a path for Sears to emerge from the Chapter 11 process," […]
