NO! When you sell assets and major brand assets at that, you are last ditch effort running scared.
My company deals with Lowes besides many supplier sources, and yesterday I was told by manager there, Lowes will keep some Kobalt tools, pickup some Craftsman tools as well since Black & Decker owns Craftsman name, but the tools are crap Chinese tools- Not Craftsman we all knew circa 1990's and prior... And he also stated, Sears will be filing for bankruptcy...
Sears Board Initiates Asset Sale Process -- Market Talk
9:46 am ET May 14, 2018 (Dow Jones)
09:46 ET - Sears Holdings created a special committee to formally explore the sale of its Kenmore brand and other assets. The move was prompted by a letter the board received from ESL Investments, the hedge fund controlled by Edward Lampert, who is Sears's CEO and largest shareholder, making a preliminary offer for the assets. The committee has retained Centerview Partners and Weil, Gotshal & Manges to help it review offers. Sears Holdings up 6.37% to $3.65. (suzanne.kapner@wsj.com)
(END) Dow Jones Newswires
May 14, 2018 09:46 ET (13:46 GMT
