Sears’ biggest holder bids $4.6B for rest of bankrupt chain
Toronto Star 06 Dec 2018 at 12:24 |

Business
The hedge fund run by Sears chairman Edward Lampert is offering to buy much of Sears’ remaining assets for about $4.6 billion (U.S.) with hopes of keeping the bankrupt retailer in business and continuing to employ about 50,000 of its workers. (Brian Cassella / TNS)
ESL Holdings said in a regulatory filing Thursday that its non-binding offer for roughly 500 remaining Sears stores will keep about 50,000 employees working. The offer is subject to due diligence and ESL’s ability to get financing, among other things.