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Re: justthefactsmam post# 17893

Monday, 02/04/2019 1:41:23 PM

Monday, February 04, 2019 1:41:23 PM

Post# of 37346
so, from this comment in docket 2379, of the 425 stores esl is proposing to buy, 100 are now dark and will be sold immediately upon closing reducing the footprint to 325 stores.

based on comment expect to net $100 million from these sales, doesn't appear any of them are part of a repurposing plan.

would be nice to know if they are dark and empty or if esl will be conducting its own gob sales.

also, if these stores are already dark, then there should be no employee reduction associated with that leaving the 40k+ number intact for now.

docket 2379 stated in at least two different places that esl would be assuming no go forward pension liabilities which certainly seems to suggest the pension shortfall is not an esl liability.

also the docket said at least twice that the pre-emergence debt liability of between 4 and 5 billion which would be reduced to just over 1 billion upon emergence.

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