BUTTE COUNTY, Calif. - Sears is facing its deadline to negotiate a deal to save the iconic company from bankruptcy.
Sears Chairman Eddie Lampert has by 4 p.m. Wednesday to buy the company out of bankruptcy.
It would cost him a $120 million deposit to save the company.
However, the move would save more than 50,000 jobs and prevent some 400 stores from closing.
Sears filed for bankruptcy protection in October.
- Sears Faces Deadline to Save Company from Bankruptcy
- Sears Gets out of Bankruptcy Alive
- 2017 Holiday Shipping Deadlines
- 2018 Holiday Shipping Deadlines
- Debris Removal Deadlines Approaching
- WSJ: Boy Scouts may file for bankruptcy
- PG&E Will File for Bankruptcy Protection
- PG&E: What Bankruptcy Means for the Utility
- State Lawmakers React to PG&E Bankruptcy
- PG&E Officially Files for Chapter 11 Bankruptcy