Berkowitz’s Fairholme Out of Sears Financing DealVW Staff
A 13D filing by Bruce Berkowitz and Fairholme Capital yesterday reveals their withdrawal from the deal to finance $400 million to embattled retailer Sears Holdings Corp (NASDAQ:SHLD) announced earlier this month.
“The Reporting Persons previously disclosed that The St Joe Company, an affiliate of the Fund and Fairholme, was in discussions concerning possible participation in the $400 million secured short-term loan disclosed on the 8-K filed by the Issuer . . .
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