"We are pleased to have reached a deal that would provide a path for Sears to emerge from the Chapter 11 process," the board's restructuring committee said in a press release. Subject to court approval, ESL will acquire substantially all of Sears' remaining assets, which includes 425 stores, for about $5.2 billion. Sears' other brands include its Home Services business and Kenmore and DieHard brands.”
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