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

December 29, 2018 admin Business News Comments Off on Sears Chair Lampert makes $4.4 billion bid to keep retailer alive

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.

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Source:: Reuters – Business News