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Sears is expecting a last minute offer to avoid liquidation




The countdown is underway for Sears, the iconic 125-year-old US retailer and more than 68,000 workers who went bankrupt on October 15 this year. On that occasion, the company has set a deadline to accept offers for assets until 4:00 a.m. Eastern time (6:00 a.m. from Chile), otherwise it will be forced to liquidate them.

Hope was saved in the last minute offer, which could come from its CEO, Eddie Lampert. As reported by CNBC, citing sources close to the operation, Lampert will file US $ 4,600 million to buy the chain, through an ESL investment fund, where he also became president.

The company, which filed for bankruptcy with a loss of US $ 11,000 million, at that time had 700 stores, closed at the right time 142 and 40 others in November. If the Lampert or other similar offer is not determined and announced to the public, in accordance with the requirements of the Securities and Exchange Commission (SEC), the liquidator will divide the company into several parts.


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