Sears Chair Lampert makes $4.4 billion bid to keep retailer alive

December 28, 2018 by  
Filed under News

Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a spokesman for the billionaire’s hedge fund said on Friday.

Source: Reuters Business News

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