November 30, 2018 / 11:20 PM / 15 days ago

Bankrupt retailer Sears looks to lock up $62 mln private sale of 13 properties

Bankrupt retailer Sears Holdings Corp on Thursday sought court approval to sell 13 locations it has been seeking to shed since early last year in a private deal with Amerco Real Estate Co worth $62 million.

Sears in a filing in U.S. Bankruptcy Court for the Southern District of New York argued the private sale was in the best interest of its stakeholders as marketing efforts for the properties underway way before its Oct. 15 bankruptcy filing suggested it would not get a better offer.

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