Sears Set To Crash To Record Low Following Bankruptcy Report

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Entertainment (now)
  • 6 years ago
Business INsider reports that Sears is set to open at a record low Wednesday, down more than 29% at $0.41 a share. The drop comes after a report said it could file for bankruptcy protection as soon as this week.
The Wall Street Journal reported on Tuesday, the retailer has hired M-III Partners to prepare a bankruptcy filing. The company has run out of cash and faces a debt payment deadline. citing sources familiar with the matter.

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