Detailed text transcripts for TV channel - FOXNEWS - 20190108:20:59:00
It's on the way. the fox business network hillary vaughn here. sounded like sears was done. >> shepard, right. before the auction that's happening monday that will decide the fate of sears, the former ceo has to put down a cash bid by tomorrow, $120 million, just to keep his bid in the running to be considered on option day. the bid is a $4.4 billion buyout to save sears from bankruptcy, keep 425 sears stores open, and save thousands of jobs. but a lot of people think the deal is too cozy, the hedge fund, sears owes the hedge fund at least one billion in real estate loans, that would be for gi...