WHITE PLAINS, N.Y. — This past week a federal judge approved a last-minute deal to save Sears Holdings in much smaller form, giving the retailer a second chance. Judge Robert Drain okayed a deal to sell the major remaining assets of Sears to its chairman, largest shareholder and former chief executive office Eddie Lampert’s hedge
CHICAGO — At presstime, Sears Holdings Corp. chairman Eddie Lampert submitted a revised bid in a last-ditch attempt to save the retailer from liquidation. The new bid, $5 billion for the retailer through his hedge fund ESL Investments, is adding about $600 million to a prior bid that should help ESL clear bars to a
CHICAGO — Sears Holdings Corp. chairman Eddie Lampert won out in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, The Wall Street Journal and other published sources reported Wednesday. Lampert’s bid, upped from an earlier $5
CHICAGO – Sears chairman Eddie Lampert has submitted a revised bid in a last-ditch attempt to save the retailer from liquidation. The new bid, $5 billion for the retailer through his hedge fund ESL Investments, is adding about $600 million to a prior bid that should help ESL clear bars to a buyout set by
