Sears said to be hammering out deal to stay open in bankruptcy

NEW YORK - Negotiations over the fate of Sears Holdings Corp. have moved away from a possible liquidation toward a plan that would keep some stores open through Christmas, according to a person with knowledge of the matter. The talks with lenders envision a restructuring using the Chapter 11 bankruptcy process, with Sears filing on Sunday…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -