‘Long shot’: Could a revised bid by chairman Brandon Stranzl keep Sears Canada alive?

TORONTO — Sears Canada’s executive chairman Brandon Stranzl is trying to keep his bid for the company alive even as the retailer, its board committee and its financial advisors are poised to close the business down.

“No executable going concern transaction currently exists,” says an affidavit filed late Tuesday from Mark Caiger, managing director of mergers and acquisitions at BMO Capital Markets, Sears’ financial advisor in its court-approved restructuring and sale process.

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