Shareholders have rejected an 11th hour, $4 billion lifeline offered by a hedge fund run by former CEO Eddie Lampert.
That was likely the last chance to save the 126-year-old retailer.
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A bankruptcy court judge is likely to approve a plan to liquidate the company’s assets at some point on Tuesday.
That would mean the remaining 425 Sears stores will be closing and 50,000 workers will lose their jobs.