Deals Rumor Mill: Sears, Murphy Oil, GSK

By Adam Rhodes (November 28, 2018, 6:46 PM EST) -- Sears chairman Eddie Lampert's hedge fund is getting ready to team up with investment adviser Cyrus Capital Partners to make an offer to takeover the beleaguered retail giant, Bloomberg reported on Wednesday. According to the report, the would-be bidders could make a so-called credit bid for the retailer by offering to exchange their debt for ownership of the retailer's stores. The report comes a single day after the retailer won permission from a bankruptcy court to take out more than $2 billion in debtor-in-place financing after last-minute talks and bidding cleared up creditor objections to a portion of the financing agreement....

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