Sears Holdings Corp. SHLD, +24.03% which is reportedly nearing a bankruptcy filing, is close to a deal with lenders that could keep the business going through Christmas, according to a CNBC report. The aim is to keep the doors open on some of its 900 stores while seeking a buyer. Some stores would close; the fate of the company’s 89,000 employees is still undetermined. Sears’ business has deteriorated over the years, with the company’s market value now at about $37.3 million. Sears shares, down 35.4% for the week so far, have gained nearly 20% on Friday, priced at 41 cents. Shares have sunk 93.4% for the last 12 months while the S&P 500 index SPX, +0.82% has rallied nearly 8% for the period.

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