Sears Holdings Corp. (fka SHLDQ)

[north007]

“ESL, we know, is a ‘qualified creditor’ of Sears,” so any stock it receives as part of the deal “would count positively towards satisfaction of the bankruptcy exception,” New York-based tax consultant Robert Willens told Bloomberg Tax in an email.

The proposal not only ensures that ESL will have access to Sears’ NOLs, but that the combined company won’t be “burdened” by the limitation under Section 382, he said.

What makes anyone think the plan has changed. IMHO it has not.

SHLDQ Long and strong. GLTA