October 10, 2018

Sears is set to crash to a record low after report says a bankruptcy filing could come as soon as this week

Sears is set to open at a record low Wednesday, down more than 29% at $0.41 a share, after a report said it could file for bankruptcy protection as soon as this week.

The retailer hired M-III Partners to prepare a bankruptcy filing as it has run out of cash and faces a debt payment deadline, The Wall Street Journal reported on Tuesday, citing sources familiar with the matter.

Read the source article at Markets Insider

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