• Sale of Sears Complete - Eddie Lampert Owns Sears

    6 monthes ago - By WWD

    The sale of Sears to billionaire hedge fund owner and the former chief executive officer of the retailer is now complete.
    Edward S. Lampert, his hedge fund ESL Investments and its affiliate Transform Holdco bought what was left of Sears Holdings Corp. and all assets for about $5.2 billion on Monday. Judge Robert Drain approved the sale last Friday in a New York bankruptcy court.
    The decision came after three days of deliberations, during which creditors argued Lampert and ESL were only trying to save the company to grow their own wallets. Attorneys for ESL, however, argued that allowing...
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