guess ALL of shldq shares will be worth $1 with news. dividing $1 by the # of shares outstanding effectively means they are worthless.
PLEASE TAKE NOTICE that the hearing to consider (1) confirmation of the
Modified Second Amended Joint Chapter 11 Plan of Sears Holdings Corporation and Its Affiliated Debtors (the “Confirmation Hearing”) and (2) the Motion of Debtors for Modification of Retiree Benefits (the “1114 Hearing” together, with the Confirmation Hearing, the “Hearing”) originally scheduled for September 27, 2019 at 11:00 a.m. (prevailing Eastern Time) and October 3, 2019 at 10:00 a.m. (prevailing Eastern Time) will go forward on October 3, 2019 at 10:00 a.m. (prevailing
Eastern Time). The hearing scheduled for September 27, 2019 at 11:00 a.m. has been cancelled.
PLEASE TAKE FURTHER NOTICE that the short adjournment of the Hearing is
intended to facilitate ongoing, productive negotiations with an ad hoc group of administrative expense claimants regarding resolution of confirmation objections and a framework to expedite the chapter 11 plan effective date. The Debtors believe that the brief adjournment will provide the parties in interest with the time necessary to finalize discussions, file supplemental pleadings describing the settlement (should it be finalized), with sufficient time for the Court and stakeholders to review, and is in the overall best interests of these estates.
