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0.000232558139534858 0 -0.00697674418604652 -0.00930232558139536 -0.0579069767441861 -0.0437209302325582 -0.0462790697674419 -0.0427906976744187
Stock impact report

Sears Chairman Eddie Lampert Isn’t Ready to Let Go [Fortune]

VictoryShares Protect America ETF (SHLD) 
US:NASDAQ Investor Relations: searsholdings.com/invest
Company Research Source: Fortune
Sears chairman Eddie Lampert is working on a plan to fix the company that would center on him once again forking over cash to keep it afloat, according to a new report. Lampert’s hedge fund ESL Investments has held discussions with investment firm Cyrus Capital Partners about putting up some of the cash for a $300 million loan the company needs, Reuters is reporting , citing people who claim to have knowledge of those talks. It’s unknown how much of the $300 million they could put up. The talks might also fall through with no deal reached between the firms. Sears is in free fall with the possibility of the company closing. The company’s banks have already offered to give the company $300 million in a bankruptcy loan and the loan discussed between Lampert’s firm and Cyrus would be separate from that. The loan would also be secondary to the bankruptcy loan for repayment purposes. That wrinkle, along with the potential risk of putting up $300 million for a company that Show less Read more
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