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Sears directors tap Evercore to examine former CEO Lampert's deals -sources [Reuters]

Evercore, Inc (EVR)  More Company Research Source: Reuters
Last evercore, inc earnings: 10/24 06:00 am Check Earnings Report
PDF Sears directors tap Evercore to examine former CEO Lampert's deals -sources | Reuters 5 Min Read Oct 26 (Reuters) - Two Sears Holdings Corp board directors have hired investment bank Evercore Inc to scrutinize deals that were led by former Sears Chief Executive Eddie Lampert with the U.S. retailer before it filed for bankruptcy protection, people familiar with the matter said on Friday. The deals, including separations of Sears’ businesses and real estate, may come under examination in bankruptcy proceedings, with creditors claiming the transactions stripped the retailer of valuable assets. Billionaire Lampert is the largest shareholder and creditor of Sears through his hedge fund, ESL Investments Inc. “ESL supported the board’s decision to authorize the review,” a spokesman for Lampert’s hedge fund said. “These types of analyses are customary and ESL is confident that the subcommittee will confirm that the transactions involving ESL were on fair and reasonable terms and approved unde [Read more]

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