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Sears investor urges company to explore going private
December 7, 2017 / 1:03 PM / 7 days ago

Sears investor urges company to explore going private

Dec 7 (Reuters) - A Sears Holdings Corp investor on Thursday asked the struggling retailer to consider options including going private and investigate what it called an “unusually high volume” of short-selling in the company’s shares.

Switzerland-based Memento SA also called for a temporary suspension of short-selling in Sears’ shares.

Memento is the investment manager for the Elarof Trust, which is owned by the Swiss-based Spadone family and owns nearly 2 million Sears shares. (Reporting by Sruthi Ramakrishnan in Bengaluru; editing by Sai Sachin Ravikumar)

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