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Eddie Lampert Sweetens Sears Bid by $600 Million Ahead of an Auction That Will Decide the Company's Fate

Business Insider
  • 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...

Mentions: Takeover Bid bankruptcy Takeover