SHLDQ - Sears Holdings: The DieHard Sale And Administrative Claims Settlements
As Sears Holdings' (OTCPK:SHLDQ) bankruptcy case moves along, there continues to be evidence that there is little of value left. DieHard was sold for $200 million, but TransformCo owned that business and also gained control of the KCD notes in June. Sears's projections also indicated that its pension plan benefit payments were only expected to decrease modestly from year-to-year, helping to explain why Sears and ESL are happy to pass the responsibility onto the PBGC. Sears Holdings recently also settled some administrative expense claims for approximately 29 cents on the dollar, which is