• Eddie Lampert Keeps Alive $4.4B Bid for Sears Holdings

    5 monthes ago - By WWD

    The future of Sears Holdings Corp. won't be known yet until a Jan. 14 bankruptcy court auction.
    That time line allows Edward S. Lampert to partake in the auction, provided he ups his cash deposit by another $120 million by Wednesday afternoon, according to published reports.
    Lampert, chairman of Sears and hedge fund ESL Investments and chief executive officer of ESL affiliate Transform Holdco, made a $4.4 billion bid for Sears, but was met with some roadblocks from creditor constituency groups. Essentially they didn't think he had provided enough cash to the deal, and many objected to his...
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