HOFFMAN ESTATES, Ill., Nov. 3, 2018 /PRNewswire/ –Sears Holdings Corporation (“Holdings” or the “Company”) (OTC Pink: SHLDQ) today announced that it has sought court approval of a “stalking horse” asset purchase agreement with Service.com to acquire the Sears Home Improvement business (“SHIP”) in a sale process under Section 363 of the U.S. Bankruptcy Code. SHIP, which is based in Longwood, Florida, is a unit of the Sears Home Services division.
“The sale of SHIP is an important step for Sears Holdings as we continue working to achieve a comprehensive restructuring,” said Robert A. Riecker, Chief Financial Officer and member of the Office of the Chief Executive. “We look forward to completi…
Read the full article at: https://www.prnewswire.com/news-releases/sears-holdings-seeks-court-approval-of-stalking-horse-asset-purchase-agreement-with-servicecom-to-sell-sears-home-improvement-business-300743496.html