YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Sears Chairman Eddie Lampert won a bankruptcy auction to stop the company's from entering liquidation, according to multiple media reports.
Sears advisers reportedly accepted Lampert's bid of over $5 billion after two days of negotiations.
Through his hedge fund ESL Investments, Lampert has said he plans to keep 400 stores open and up to 50,000 workers employed.
Read more from Business Insider.
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