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Sears' lenders encourage liquidation rather than reorganization

MarketWatch
Sears' lenders encourage liquidation rather than reorganization

Sears Holdings Corp. met with its lenders Wednesday night to discuss emergency financing for the embattled retailer, according to people familiar with the matter. The meeting ended without an agreement that would keep Sears SHLD, -9.60%   operating as a going concern, according to one of the people.