Exclusive – Sears CEO Lampert explores bidding for assets in bankruptcy: sources

By Mike Spector and Jessica DiNapoli (Reuters) - Sears Holdings Corp Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U.S. retailer's businesses and real estate once it files for bankruptcy, an alternative to a traditional court-supervised reorganization, people familiar with the matter said on Thursday. Under this scenario, the 125-year-old department store operator, once the world's largest retailer, would initially avoid an outright liquidation, but would have to navigate the bankruptcy process without some of its key assets.

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By: Firstpost - 7 days ago

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