Sears shares dive 30 percent after report says co preparing for bankruptcy
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(Reuters) - Sears Holdings Corp shares lost nearly a third of their value in early trading on Wednesday, after a report said that the beleaguered retailer had hired advisers to prepare for a bankruptcy filing ahead of a debt payment deadline.Shares of Sears, an iconic American retail brand which traded above $100 a decade ago but have fallen to less than $1 in the past year, were down at 41 cents in trading before the bell. The Wall Street Journal late on Tuesday said Sears had hired boutique..