Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

that's why this transaction was called an "asset sale". he could have chosen to purchase the stock but instead he just chose to purchase the assets.

regarding the $35 million of common stock, NOT selling that stock is what permitted eddie to acquire billions of nol's plus almost a billion of mostly foreign tax credits.

if eddie sold his shares that would be considered a change in control and the nol's could not pass to eddie.

eddie already issued shares to shc (look at the apa) which were class b shares of transform holdco. that's the only share exchange there will be.