Comment on Sears still here as chairman's rescue plan wins tentative OK

Sears still here as chairman's rescue plan wins tentative OK

NEW YORK — Sears will live on — at least for now.Its chairman and biggest shareholder, Eddie Lampert, won tentative approval for a $5 billion plan to keep the ailing, 132-year-old department-store chain in business, fending off demands from creditors that it throw in the towel, according to a person familiar with the negotiations.

 

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