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Eddie Lampert submits revised $5B bid to save Sears

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Sears Chairman Eddie Lampert submitted a revised $5 billion bid in an attempt to save the company from liquidation, a source familiar with the matter told CNBC.

Lampert's previous $4.4 billion bid was shot down by the company.

Lampert's bid includes the assumption of tax and vendor bills incurred since the company filed for bankruptcy in October.

Read more from CNBC.

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