Well I would say the real reason is cause the transitions arent done. As I posted already Transform holdco was created as a disregarded shell. It i aquiring the assets of Sears. Once everything transfers to holdco it will do one of two things... it will open as Newco and issue Newco shares or it will be aquired by another company. If aquired by another company normally they would issue half shares to shareholders and pay cash for the other half. Since we have not seen the name my guess is holdco will be aquired by another company. That conpany Im guessing will bd SHOS as they need the rights to the names and etc. That is just a guess but seems logical that they would buy Newco and create one big profitable company. If you look at the latest 10k for them you will see how much they need the assets from Sears and you will also find their management is running SHOS well. Thats my guess on whats going to happen.
Transform Holdco will not own the Sears name until the Closing Date of the APA.
While the Judge did approve the APA, the APA has not been finalized yet. Contracts need to be signed.
SHC may not have to change its name if a Chapter 7 Liquidation happens. I wonder if the ticker symbol SHLDQ will have to be changed if SHC changes its name while in bankruptcy?
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