Replies to post #24560 on Sears Holdings Corp. (fka SHLDQ)

[Vilhelm_Bock_LLC]

Wouldn't the phrase "reorganization" elude that SEARS (SHLDQ) is not going anywhere and is NOT JUST A SHELL !!!!

On February 8, 2019, the Debtors filed with the Bankruptcy Court a notice of filing of settlement term sheet with the with the Pension Benefit Guaranty Corporation (the “PBGC”), pursuant to which, among other things the Company and the PBGC have agreed: to terminate the Company’s pension plans; that the PBGC’s unsecured claim would be reduced to $800 million; the PBGC would receive a senior, secured non-interest bearing note in an amount of $80 million under a chapter 11 plan of reorganization of the Company (a “chapter 11 plan”); and the PBGC would release underfunding claims against the Debtors and withdraw its objection to the Going Concern Transaction and to support a chapter 11 plan that incorporates the agreed upon terms and is not otherwise adverse to the PBGC.

[getmoreshares]

let us know what you find-- I got tried of looking for info!
One link was 107 pages! could take all night.
Reviewed "contents" did not see a direct page for shareholders.

[Vilhelm_Bock_LLC]

Page 38 mean anything?

(l) except as otherwise expressly included as Acquired Assets, all shares of capital stock or other equity interests of any Seller or Subsidiary of the Seller or securities convertible into or exchangeable or exercisable for shares of capital stock or other equity interests of any Seller, Subsidiary of the Seller or any other Person;