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Servicecom Offers $60 Million For Sears Home Improvement Business - Latest News


Service.com bids $60 million for Sears’ home improvement business

Pending court approval, Service.com intends to purchase Sears’ home improvement business for approximately $60 million in cash. If no higher or better offers are received, the deal is likely to close ... read more

Sears Gets $60M Floor Bid For Home Improvement Business

Sears Holdings Corp. is seeking permission to auction off its home improvement business as part of its Chapter 11 restructuring process, saying in court papers filed over the weekend that it has a $60 ... read more

Sears Home Improvement auction canceled due to lack of bids

A planned auction of Sears Holdings Inc.’s home improvement business unit has been canceled ... known as SHIP, for $60 million cash. The deal was subject to higher offers from competing bidders. "The ... read more

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Sears hopes to sell its home improvement business to Service.com

Bankrupt retailer Sears ... home improvement division to a key rival partly responsible for its downfall. Pending trustee approval, it will sell the business to Service.com, an Airbnb-like service ... read more


Sears looks to sell its home improvement business to a rival

An online rival wants to acquire the Sears Home Improvement business. Sears Holdings Corp ... which is subject to higher or better offers, Service.com would purchase SHIP for approximately $60 million ... read more

Sears liquidation deadline looms, no offers to buy 24 hours out

Last week, US Bankruptcy Court Judge Robert Drain gave initial approval for the $60 million sale of Sears' home improvement business to Service.com. The company also has a lot riding on its holiday ... read more

Sears Holdings Seeks Court Approval Of Stalking Horse Asset Purchase Agreement With Service.com To Sell Sears Home Improvement Business

SHIP, which is based in Longwood, Florida, is a unit of the Sears Home Services division ... which is subject to higher or better offers, Service.com intends to purchase SHIP for approximately $60 ... read more

PRESS DIGEST -Wall Street Journal - Nov 6

on.wsj.com/2RzF4z5 - Sears Holdings Corp has nailed down its first bidder for one of its assets-the Home Improvement business. Service.com, a website that helps consumers find local professionals for ... read more

Lampert Is Effectively Paying Nothing Additional For Sears

He is not buying Sears Holdings Corp. He is not paying current SHLDQ shareholders anything. He is buying assets under section 363 of the Bankruptcy Code. This is not some type of tender offer ... of ... read more

Service.com Bids for Sears Home Improvement Business

with motions to aid asset sales and sell its Sears Home Improvement Products business. The retail giant on Saturday filed court papers to sell the Longwood, Fla.-based unit, centered on a $60 million ... read more

Sears Holdings Seeks Court Approval Of Stalking Horse Asset Purchase Agreement With Service.com To Sell Sears Home Improvement Business

Service.com provides "stalking horse" bid in court-supervised sale process Sears Home Improvement business to operate ... is subject to higher or better offers, Service.com intends to purchase SHIP ... read more



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