YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The chairman of Sears Holdings Corp. and his hedge fund made a $4.6 billion bid for the company.
Eddie Lampert and ESL Investment submitted the bid to New York-based Lazard Freres & Co., the investment banker for Sears debtors.
"Sears is an iconic fixture in American retail, and we continue to believe in the company’s immense potential to evolve and operate profitably as a going concern with a new capitalization and organizational structure," ESL wrote in a letter to Lazard Freres.
Read more from the Chicago Business Journal.
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