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Post# of 37346
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56Chevy

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56Chevy

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Re: Smilin_B post# 30434

Tuesday, 02/26/2019 11:33:32 AM

Tuesday, February 26, 2019 11:33:32 AM

Post# of 37346
In a nutshell - Rather than take Sears into a ch 7 liquidation the court allowed ESL to credit bid $5.2b for the assets...which means the "old" Sears (SHLDQ) no longer has those assets. It is now essentially an empty bankrupt shell.

ESL will be holding those assets (the "new" Sears) in a private company.

SHLDQ and that private company have no relationship.

Marker:
Sears Holdings Corp. (SHLDQ)
1.01 down -0.05 (-4.72%)
Volume: 1,126,507






“The heart is the first thing that wanders away from God, and it is also the first thing that returns to God.” ~ Charles Bridges 1794 ~ 1869

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