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Jessica DiNapoli

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

1:02pm GMT

NEW YORK Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.

Sears chairman prevails in bankruptcy auction for retailer with $5.2 bln bid- sources

8:33am GMT

NEW YORK, Jan 16 Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.

Sears chairman's takeover proposal faces moment of truth

2:25am GMT

NEW YORK Negotiations between Sears Holdings Corp Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund manager faced the choice of improving his $5 billion offer for the company or ending his takeover plans, people familiar with the matter told Reuters.

Shoe retailer Payless to explore options, including sale: sources

15 Jan 2019

U.S. discount retailer Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after it emerged from bankruptcy, people familiar with the matter said on Tuesday.

Shoe retailer Payless to explore options, including sale -sources

15 Jan 2019

Jan 15 U.S. discount retailer Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after it emerged from bankruptcy, people familiar with the matter said on Tuesday.

PG&E restructuring highlights arcane California legal rule

15 Jan 2019

PG&E Corp's chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep the utility owner perpetually on the hook for liabilities from catastrophic wildfires even beyond the more than $30 billion the company expects to face from recent blazes.

PG&E prepares bankruptcy filing after California wildfires

15 Jan 2019

PG&E Corp , owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018. | Video

Sears chairman confirms new $5 billion bid to save bankrupt retailer

10 Jan 2019

Sears Holdings Corp Chairman Eddie Lampert confirmed on Thursday he has made a new takeover bid of more than $5 billion for the company, an offer that may significantly increase the likelihood the U.S. department store will be able to stay in business. | Video

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