Eddie Lampert says might consider deal with Sears Canada: Reuters
Billionaire Eddie Lampert's ESL Partners LP and Fairholme Capital Management LLC said they are considering a potential deal with Sears Canada Inc as the retailer looks to restructure itself under bankruptcy protection, Reuters reported. Sears Canada sought creditor protection last month after suffering a steady decline in sales due to competition from big-box retailers and online merchants. The U.S. hedge funds did not provide any details on the kind of transaction they were looking at, but said the talks could include financing, purchase and sale, or restructuring transactions.
10 July 2017•1 min read
