Sears set to stay open after last ditch bid prevents liquidation, sending shares surging
- 126-year-old retailer Sears has grabbed a lifeline after billionaire hedge-fund manager Edward Lampert won a bankruptcy auction.
- The result means that around 400 stores will stay open following a $5.2 billion bid.
- Sears filed for protection from creditors in October and has been in a battle for its future ever since.
- Sears was trading up 28.3% to $0.64 following the news.
A last ditch effort from billionaire hedge-fund manager Eddie Lamper is set... Читать дальше...