OK - I understand that the Bankruptcy Proceedings will continue for some time after the Sale - if approved.
What I am wondering about is if the POR can in no way cancel or alter the APA once it is approved, then will it simply state for the Classes of Creditors and Shareholders “ pursuant or in accordance with the APA “?
It looks to me like the APA will take Sears Holdings out of Bankruptcy as a Subsidiary of Transform Holdco and leave the current Share Structure as is - SHLD.
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