Split #1: if versus
yet versus
andHands down,
if is the idiomatic winner of the bunch. The non-underlined portion of the sentence presents a picture of a failing retail chain, so the announcement, while
grim in nature, may not be much of a surprise. That is, if a
once nationwide retail chain is
down to its last three stores, the writing is probably on the wall, and since stores do not tend to close across the nation all at once, again, the announcement might not be unexpected.
A grim if somewhat anticipated announcement perfectly describes the situation. The contrast is preserved in
yet, though to a native English speaker, it might not roll off the tongue as well.
And is the outlier, since it presents no contrast, but rather reports two pieces of information—there was a grim announcement, and (probably in light of the fact that so many stores were closing around the nation) the announcement was anticipated. This last interpretation is my least favorite, but I would not take answer choice (D) to the chopping block over the conjunction.
Split #3: three parallel actions versus
two plus a modifying phraseAnswer choices (A), (C), and (D) take the former path, while (B) and (E) take the latter, and this should prove a more decisive split than the two above. Does it make sense to place a modifier at the end of the sentence?
(B)/(E):
[The retailer] planned to shut its doors and liquidate all its assets, selling to the highest takeover bid/bidderSelling is difficult to make sense of in this context. Is the retailer selling its
assets to the highest bid or bidder, or, more along the lines of
takeover, its entire brand? I suppose there is a third possibility. If the modifier is commenting on the previous clause, then both the brand and the assets will go to the highest takeover bid or bidder. Still, something about the pairing of
liquidate its assets and
takeover does not quite sit well with me. A liquidation tends to precede a final takeover by another business. But why am I fussing about all these considerations when I have a perfectly reasonable list of actions in answer choices (A), (C), and (D)?
Planned to shut, liquidate, and sell presents three parts of a single plan in a clearcut manner. In short, I would
eliminate answer choices (B) and (E) for lack of clarity.