Sears Holdings Corporation – Announces Selection of ESL, and its $5.2bn Bid, as Auction Winner, Sale Expected to Close on February 8, 2019

January 17, 2019 – The Debtors announced that they had ESL Investments, Inc. (“ESL”) as the winning bidder in the Debtors’ auction. In a brief, somewhat anticlimactic, press release, the Debtors stated, “Sears Holdings Corporation …today announced that ESL Investments, Inc. was selected as the winning bidder in the Company’s auction. Subject to Bankruptcy Court…