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Howard Hughes Medical Institute
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Sears' Stock Falls To Record Low As Ceo's Hedge Fund Eyes Kenmore
Posted on: Aug. 17, 2018, 6:51 p.m.
Shares of Sears Holdings tumbled as much as 13 percent Friday, skidding to a record low after the company disclosed earlier in the week that a hedge fund owned by CEO Eddie Lampert offered to buy the troubled retailer's Kenmore appliance division for $400 million. Lampert's hedge fund, ESL Investments, also made an offer to buy Sears' Home Improvement business for as much as $80 million in cash, both companies said in a filing with the Securities and Exchange Commission … Full investment news article
Sears' Stock Falls To Record Low As Ceo's Hedge Fund Eyes Kenmore
Posted on: Aug. 17, 2018, 5:51 p.m.
Shares of Sears Holdings skidded to a record low Friday after the company disclosed earlier in the week that a hedge fund owned by CEO Eddie Lampert offered to buy the troubled retailer's Kenmore appliance division for $400 million. Full investment news article