Relief for Sears after chairman’s buyout bid gets court nod

The uncertainty over the fate of embattled retailer Sears Holdings (SHLD) eased slightly Tuesday after a bankruptcy judge allowed hedge fund ESL Investments, owned by the department store’s chairman Edward Lampert, to go ahead with the plan to acquire the company. The order came as a big relief for Sears, which has been on the … Continue reading Relief for Sears after chairman’s buyout bid gets court nod