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Sears Holdings Forms Independent Board Committee to Explore Lampert Proposal

Committee Also Will Solicit Third-Party Interest, Explore Other Alternatives to Maximize Value
Sears Holdings has released a list of 504 stores it believes could keep the 125-year-old company as a going concern.
Sears Holdings has released a list of 504 stores it believes could keep the 125-year-old company as a going concern.
By Jennifer Waters
CoStar News
May 14, 2018 | 4:00 P.M.

Sears Holdings Corp. said Monday that it has formed a special committee of the board of directors to independently review a proposal from CEO Edward Lampert’s hedge fund, ESL Investments, to purchase certain Sears assets.

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