3 Nov 2018 Service.com provides "stalking horse" bid in court-supervised sale process. Sears Home Improvement business to operate as normal 3 Nov 2018 Sears Holdings (OTCPK:SHLDQ) starts off the auction process for its Sears Home Improvement business by seeking court approval of a 27 Dec 2018 Should Lampert submit a bid, Sears' advisors would have until Jan. Being named the stalking horse in a bankruptcy sale typically affords a 18 Dec 2018 The company's lawyers and advisers didn't select a so-called stalking horse bidder, which would set the floor price for the auction, by the 14 Jan 2019 According to bankruptcy lawyers watching the case, the bid could serve as an important initial offer, called a “stalking horse bid,” for the 5 Nov 2018 The proposed “stalking horse bid” would set the floor price at the first bankruptcy auction for one of Sears's assets, according to court papers
Sears Holdings – Seeks Approval of Bidding Procedures and Stalking Horse Bid Protections in respect of $60 million Sale of Home Improvement Business by New Generation Research on November 5, 2018 Sears said it selected the proposed stalking horse offer before the bankruptcy case was filed last month based on a marketing process that began at the beginning of the year as part of its Lampert’s potential purchase offer for Sears stores would be a "stalking horse bid," which would be tested at an auction for higher offers, according to court papers. While a sale in bankruptcy The U.S. bankruptcy court of Southern District of New York on Wednesday canceled an auction of Sears' home improvement business after it did not receive any other qualifying bids. The business is
12 Oct 2018 Sears Holdings Corp is planning to close up to 150 of its department and is exploring bidding on the assets as a so-called stalking horse, 16 Nov 2018 company's plans for auctioning those stores, including a timeline that would require Sears to find an initial bidder, or “stalking horse,” by Dec. 28 Nov 2018 The hedge fund has been circling potential investment partners for weeks. The expectation is that stalking-horse bids for Sears are due around 5 Nov 2018 The stakes are high, given that Sears faces a Dec. 15 deadline to name a so- called stalking-horse bidder that would make an initial offer, which 5 Nov 2018 Sears is seeking to sell its home improvement business to Service.com through a “stalking horse” asset purchase agreement, which lets a 23 Oct 2018 Eddie Lampert that owns 49.7% of Sears Holding, regarding a stalking-horse bid for those stores. At the same time, Sears intends to promptly
3 Nov 2018 Service.com provides "stalking horse" bid in court-supervised sale process. Sears Home Improvement business to operate as normal 3 Nov 2018 Sears Holdings (OTCPK:SHLDQ) starts off the auction process for its Sears Home Improvement business by seeking court approval of a 27 Dec 2018 Should Lampert submit a bid, Sears' advisors would have until Jan. Being named the stalking horse in a bankruptcy sale typically affords a 18 Dec 2018 The company's lawyers and advisers didn't select a so-called stalking horse bidder, which would set the floor price for the auction, by the 14 Jan 2019 According to bankruptcy lawyers watching the case, the bid could serve as an important initial offer, called a “stalking horse bid,” for the
HOFFMAN ESTATES, Ill., Nov. 3, 2018 /PRNewswire/ -- Sears Holdings Corporation ("Holdings" or the "Company") (OTC Pink: SHLDQ) today announced that it has sought court approval of a "stalking