Thursday , November 21 2019
Home / chile / Elimination of searches postponed due to an offer to buy the president

Elimination of searches postponed due to an offer to buy the president



The Sears US department store chain received a postponement settlement scheduled for today, after its chairman, Eddie Lampert, made an offer to acquire it and prevent it from closing at the end of the debt restructuring period.

According to the American network CNBC, which refers to sources close to Sears, the investment fund ELS Investments, owned by Lampert, presented an official proposal today, but does not guarantee that it will be accepted, since the directors now have a week – they said to sentence.

The details of the proposal are still unknown, although if it looks like the 4,600 million that Lampert made earlier this month, it may be rejected by the company's creditors.

Today the company announced the closure of 80 stores across the country. “As part of Sears’s process of accelerating its strategic transformation and facilitating financial restructuring.”

In addition to the 142 centers, which were closed in October, and to an additional 40 in November, the company will receive more than a third of all its stores in the United States.

The company, with 68,000 employees, filed for bankruptcy in October. before a trial in New York after seven years of damages that reached $ 11,000 million. EFE


Source link