Sears’ unsecured creditors get their day in court
Sears Holdings Corp.’s unsecured creditors were in bankruptcy court on Monday to protest Eddie Lampert’s last-minute $5.2 billion bid via his ESL Investments firm to keep the struggling company afloat.
In court, the unsecured creditors challenged one of the major tenants of the bid, which is that it is the only offer that would save 45,000 jobs, reported CNBC.
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In court, the unsecured creditors challenged one of the major tenants of the bid, which is that it is the only offer that would save 45,000 jobs, reported CNBC.
Click here to read more.