Replies to post #33027 on Sears Holdings Corp. (fka SHLDQ)

[mike_usa]

Wouldn’t it merge with any other company like American Airlines merged US Airways and used NOLs ??

[justthefactsmam]

language from the asset purchase agreement:

Sellers agree to cooperate with Buyer in order that, for federal income Tax purposes, the transactions effected pursuant to this Agreement, together with the distributions made by, and liquidation of, Sellers pursuant to the Bankruptcy Plan, are treated as one or more plans of reorganization under section 368 of the Code and as qualifying as one or more reorganizations under section 368(a)(1)(G) of the Code