Eddie Lampert Sweetens Sears Bid by $600 Million Ahead of an Auction That Will Decide the Company's Fate
- Sears Chairman Eddie Lampert on Wednesday boosted his takeover bid to $5 billion, up from $4.4 billion.
- Lampert's new proposal will be assessed against competing parties' bids at an auction scheduled for Monday.
- Lampert's offer is the only one that would avoid a liquidation.
Sears Chairman Eddie Lampert has sweetened his bid for the company's assets in a final attempt to avoid a liquidation...