Lampert's Bid For Sears Seems To Be In Trouble

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About: Sears Holdings Corp. (SHLDQ), Includes: JCP, XCOOQ
by: WYCO Researcher
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WYCO Researcher
Special situations, research analyst, value, long/short equity
Summary

Lampert's/ESL bid was not designated stalking horse status.

Bids are due on December 28.

There were 2 hearings last week, and many more are set over the next 3 weeks.

Much-needed cash could come in from additional sale of intercompany held notes.

The Sears Holdings (OTCPK:OTCPK:SHLDQ) bankruptcy case is shifting into high gear this week, as bids are due on December 28 for its assets. Last week, there were two hearings and a number of