Lampert wins Sears bankruptcy auction with $5.2B bid
Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, allowing it to keep its more than 400 stores running. Sears picked Lampert's hedge fund ESL Investments Inc as the winner at a bankruptcy court-supervised auction after his latest bid topped an earlier $5 billion proposal following weeks of talks. The deal would preserve up to 45,000 jobs and ESL would acquire substantially all of the company, including its "Go ...
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