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Re: StockNinja33 post# 18598

Thursday, 02/07/2019 11:38:49 AM

Thursday, February 07, 2019 11:38:49 AM

Post# of 37346
News out!

Pension Benefit Guaranty Corp. will support Sears’s sale to Eddie Lampert’s ESL Investment and agreed to reduce size of its claim from $1.7 billion to $800 million, lawyers told the judge overseeing the retailer’s bankruptcy on Feb. 7.

PBGC and Sears signed deal to drop pension regulator’s objection to sale
Company attorney Ray Schrock announced settlement in federal court in White Plains, New York, where Sears and Lampert are fighting creditors who oppose the $5.2 billion sale



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