(CNN) — Big Lots, the discount chain that filed for bankruptcy in September, said Friday that it agreed to a sale transaction with an investment firm, allowing hundreds of stores to stay open ...

Dec. 28 (UPI) --Bankrupt discount retail chain Big Lots says it will be able to keep hundreds of its stores open after executing a strategic sale transaction with a Boston asset management firm.

“This sale agreement and transfer present the strongest opportunity to preserve jobs, maximize value for the estate and ensure continuity of the Big Lots brand,” said Big Lots’ CEO Bruce Thorn.

Big Lots announced a deal to save some stores on Dec. 27, 2024. Photo: Eric Thayer/Bloomberg via Getty Images ...

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A potential sale of Big Lots fell through last week, leading the discount retailer to announce going-out-of-business sales at all its stores, including about a dozen in the Philadelphia area. The Ohio ...

The Thursday, Dec. 19, announcement coincided with the collapse of Big Lots’ planned sale of its business to Los Angeles-based Nexus Capital Management. Big Lots said it intends to pursue an ...

The company previously announced plans to sell its assets business to Nexus Capital Management. However, Big Lots said they do not anticipate completing that sale. Big Lots is based in Columbus, Ohio ...

These estimates do not include title, registration fees, lien fees, or any other fees that may be imposed by a governmental agency in connection with the sale and financing of the vehicle.