Sears Holdings Corp. (fka SHLDQ)

[56Chevy]

Edward S. Lampert, CEO of ESL, said, “The best possible outcome has now been realized for all stakeholders, including Sears’ many associates, Shop Your Way members, vendors, and other partners.

ESL used the word "stakeholder" only after he purchased the assets because the "new" Sears will not be a publically held company. There are no "shareholders" in the new Sears...only "stakeholders".

Transform Holdco LLC is an American privately held company formed to acquire Sears Holdings’ assets. The new company is owned by Eddie Lampert. Following the bankruptcy of Sears Holdings, Transform Holdco purchased substantially all of the assets owned by Sears Holdings (SHLDQ) for $5.2 billion.

Never underestimate the legal power and options SECURED creditors have in a bankruptcy. When you hold SHLDQ stock you are not a creditor and you have no "stake" in Transform Holdco LLC.

It was not ESL's equity position in Sears stock that allowed him to buy the only valuable assets away from the company..it was his position as a CREDITOR. Period.

Bankruptcy 101.

Marker:
Sears Holdings Corp. (SHLDQ)
0.9689 down -0.0311 (-3.11%)
Volume: 1,200,008