Lampert to Bid for Sears Real Estate if Rescue Attempt Fails

📆 1/3/2019 2:30 AM
📰 WSJ

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Eddie Lampert’s hedge fund is interested in scooping up Sears’s real estate for $1.8 billion if its offer to buy the company is rejected

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Isn’t this a conflict of interest?

I don't understand. The company went bankrupt under his control, now he wants to buy property at bargain prices? Am I mistaken.

valuewalk Imagine that......🙄🙄🙄 ItWasAllPlannedOut

What exactly would they do with the properties? I would imagine most are anchor stores attached to malls, so they couldn't be turned into condos. And I don't know of any brick and mortar retailers looking to expand.

I would buy all sears and reinvent it again

Sharks 🦈 are out.

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Edward Lampert’s $5 Billion Sears Rescue Under Scrutiny as Auction NearsHe added no new cash, asked for more real estate and other goods and beefed up promises to take on bills owed to suppliers, landlords, tax authorities and others. can we buy the sign? Isn't Lampert just throwing good money after bad at this point? surplus coming to an Ocean State Job Lot and Ollie's Bargain Outlet near you
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