Eddie Lampert Bought $56.M In Sears Holdings (SHLD)
HFA Staff
Published on
Updated on
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Eddie Lampert bought $56.6 million in Sears Holdings (SHLD) stock from selling LP's at $26.70 per share last week.
The short answer is that he bought out the holders of two liquidating partnerships, and those partnerships primarily hold SHLD, and it looks (about 95% sure) like this was Eddie and not his hedge fund doing the buying.
This will save them some time if you are gonna do a story:
They use the closing price for SHLD of $26.70 on June 30th:
From "SPE I Partners" purchased 998,326 shares for $26,655,304 (in a $34,120,906 million transaction)
From "SPE Master I" purchased 1,121,380 shares for $29,940,846 (in a $37,032,323 million transaction)
total of 2,119,706 for $56.6 million
H/T Viera UAE - Stock Market Trading Live
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