Home business Sears considers new purchase offer to prevent liquidation - Telemundo

Sears considers new purchase offer to prevent liquidation – Telemundo

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.

Must Read

When "Best Friends Forever" Suddenly Are not

Source: Pexels, Bruce Mars, free to use One of the most hurtful experiences any of us can. It's a jolt and it's very painful. This situation...

Comedian Volodymyr Selenskyj in presidential election in leadership | TIME ONLINE

The actor Volodymyr Selenskyj will, according to first projections, become the new president of Ukraine. The pro-Western 41-year-old can count on about 73 percent...

Prince Harry & Meghan Markle wish the Queen a Happy 93rd Birthday

Prince Harry & Meghan Markle wish the Queen a Happy 93rd Birthday | PEOPLE.com ...

Letitia Wright of & # 39; Black Panther & # 39; performs leading role in & # 39; death on the Nile & #...

Breanna April 21, 2019 news The Hollywood Reporter has announced that Letitia Wright has earned the lead role in "Death on the Nile". The Agatha Christie classic...

Kylie Jenner and Khloe Kardashian arrive for Kanye West's Sunday Service at Coachella

The Kardashians described by Kanye West's highly anticipated Sunday Service at Coachella on Sunday. And Kylie Jenner and Khloe Kardashian posted adorable snaps via...