Bruce Berkowitz's investment firm Fairholme Capital has filed an amended 13D on shares of Sears Holdings (SHLD). We previously highlighted how Berkowitz bought more SHLD recently.
His previous filing noted that St. Joe (JOE) was in discussions to possibly participate in Sears' $400 million secured short-term loan. Per the new filing, that fell through.
However, the new 13D indicates that Fairholme is in discussions concerning a "substantially smaller participation in the short-term loan."
It also appears as though Fairholme has sold 26,400 SHLD shares since his previous 13D filing only last week.
Thursday, September 25, 2014
Bruce Berkowitz Looking to Participate in Sears Short-Term Loan
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