Chairman given more time to save Sears, keep it out of liquidation

Favicon Business Journal

Edward Lampert still has a shot at Sears Holding Corp. The troubled retailer on Tuesday agreed to consider a revised bid from the company chairman and his hedge fund, ESL Investments. The news came about on the heels of a Tuesday court hearing in White Plains, New York. Lampert and his attorneys confirmed that they will make another push to sway Bankruptcy Judge Robert Drain in the Southern District of New York to give them more time to improve upon their bid. Lampert intends to keep the troubled...

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