By  on February 11, 2019

The sale of Sears to billionaire hedge fund owner and the former chief executive officer of the retailer is now complete.

Edward S. Lampert, his hedge fund ESL Investments and its affiliate Transform Holdco bought what was left of Sears Holdings Corp. and all assets for about $5.2 billion on Monday. Judge Robert Drain approved the sale last Friday in a New York bankruptcy court.

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