a terrible deal for sears and especially for the pbgc who will get all the money and any future revenue- it won make a dent in the pension deficit as i suspect it will all go towards the annual pension payments.
Another piece of the puzzle falls into place - diehard is worth next to nothing- kenmore less than craftsmen. The real issue is that now sears will lose footfall into the stores who came for craftsemen, they will lose the revenue and the profit from craftsmen as well - all for an amount thats gone to the pbgc- I douubt that sears will last the year.