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Access here alternative investment news about Sears' Biggest Holder Bids $4.6B To Salvage Bankrupt Chain - Portland Press Herald
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Sears' Biggest Holder Bids $4.6B To Salvage Bankrupt Chain - Portland Press Herald

by pressherald.com posted 1month ago 39 views
The company would have just over 500 functioning locations left if the takeover succeeds. : NEW YORK – Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock. The Sears chairman and ESL own just under half of the Hoffman Estates, Illinois, company, according to FactSet. Sears filed for Chapter 11 bankruptcy protection in October, weighed down by years of declining sales and massive debt.

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