The chain of American stores Sears, which seemed to be doomed to liquidation, finally accepted today in a court in New York to consider a new proposal to buy its president, Eddie Lampert, to prevent the closure.
Between the versions that Sears had rejected a proposal of 4,400 million ESL Investments owned by Lampert and that it would refute that decision, both parties met on Tuesday in court, according to CNBC, a meeting that gave rise to a new opportunity.
ESL will have to pay a deposit of $ 120 million for this Wednesday afternoon, enabling Sears to participate in the auction of its assets, scheduled for January 14, and then compare its offering with that of other competitors.
Although Lampert's proposal may not be sufficient in light of what the other liquidators have to offer, the judge who dealt with the case found that according to CNN a "good development" took place, which described intense negotiations between the parties.
Once the winner of the auction has been decided, that agreement must still pass the filter before the bankruptcy court on 31 January.
The historic Sears, which owns Kmart and employs about 68,000 people, declared bankruptcy in October after a seven-year loss of $ 11 billion.