Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

since we may not hear anything until after the status conference on tuesday, the following link (univ of chi booth school of business) describes the ggp bk in some good detail. starting on page 62 or so with the table of various parties of interest, including common shareholders, is a description of the challenges they faced.

including things such as competing bids, creditors clamoring for liquidation, payments to keep key employees during the process, removal of various executives at the top, warrants, etc.

for those who like to play in the bk field this is an instructive read of the process for one company which entered the dark tunnel of bk but emerged on the other side.

although i left before the sale, i worked for the the real estate development arm of sears which was sold to ggp.

http://faculty.chicagobooth.edu/joseph.pagliari/files/IS/GGPCaseStudy.pdf