News > Running

Eddie Lampert bids $4.6 billion to keep Sears alive - or to 'drain more blood' from it

1 month ago   |   By Los Angeles Times

Eddie Lampert has offered to buy Sears Holdings Corp. out of bankruptcy in a bid to salvage the failing retail empire he has controlled for more than a decade. The chairman of Sears, whose ESL Investments ranks as the biggest shareholder and creditor, outlined a $4.6-billion preliminary bid in...
Read more ...

 

Sears Chairman Edward Lampert bids $4.6 billion to rescue iconic retailer from bankruptcy

1 month ago   |   By Chicago Tribune

The hedge fund run by Sears Chairman Edward Lampert is offering to buy many of the bankrupt retailer's remaining assets for about $4.6 billion with hopes of keeping the chain in business and continuing to employ about 50,000 of its workers. The bid from Lampert's ESL Investments includes about...
Read more ...

 

Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer

1 month ago   |   By Reuters

Sears Holdings Corp Chairman Eddie Lampert's ESL Investments Inc has made an offer valued at $4.6 billion to buy the bankrupt U.S. retailer, one of the only options that would prevent the department store chain from shutting its doors for good.
Read more ...

 

Sears Chairman Edward Lampert bids $4.6 billion for bankrupt chain

1 month ago   |   By Chicago Tribune

The hedge fund run by Sears Chairman Edward Lampert is offering to buy many of the bankrupt retailer's remaining assets for about $4.6 billion with hopes of keeping the chain in business and continuing to employ about 50,000 of its workers. The bid includes about 500 Sears and Kmart stores, headquarters...
Read more ...

 

Sears Chairman Lampert submits bid to buy bankrupt retailer

1 month ago   |   By Reuters

Sears Holdings Corp Chairman Eddie Lampert's ESL Partners LP has submitted a bid valued at $4.6 billion to buy the bankrupt retailer, the hedge fund said on Thursday.
Read more ...

 

Eddie Lampert offers $4.6 billion to buy Sears out of bankruptcy

Eddie Lampert offers $4.6 billion to buy Sears out of bankruptcy

1 month ago   |   By New York Post

Sears Holdings Chairman Eddie Lampert's ESL Partners LP has submitted a $4.6 billion bid to buy the bankrupt retailer, the hedge fund said on Thursday. Sears, which had filed for bankruptcy protection on Oct. 15, faces a Dec. 15 deadline to find a buyer to keep it in business, according to court papers.
Read more ...

 


Search by Tags

   Running      U.S.      BusinessNews  


Watch: Legendary great white shark, 'Deep Blue,' filmed swimming with divers

Watch: Legendary great white shark, 'Deep Blue,' filmed swimming with divers

A great white shark, believed to be one of the largest on the planet, has been spotted by divers as it fed on a whale carcass off the coast of Hawaii. Read more ...

Videocast: Winter Storm Warnings this weekend

Videocast: Winter Storm Warnings this weekend

Read more ...

These Are the Americans Who Were Killed in Syria This Week

These Are the Americans Who Were Killed in Syria This Week

Three of the four Americans killed in a bomb blast in Syria on Wednesday have been identified. The Department of Defense said Special Forces Chief Warrant Officer Jonathan... Read more ...

Tesla to sack over 3,000 workers amid poor profits and Model 3 production...

Tesla to sack over 3,000 workers amid poor profits and Model 3 production challenges

Electric car maker Tesla is planning to fire around seven percent of its full-time staff, as the road ahead will be “very difficult,” according to an email sent to employees by... Read more ...

Tesla to cut workforce by 7 percent, expects lower Q4 profit

Tesla to cut workforce by 7 percent, expects lower Q4 profit

Tesla Inc said on Friday it would cut 7 percent of its workforce - or some 3,400 jobs - to rein in costs as it plans to increase production of lower-priced versions of its... Read more ...

Caroline Wozniacki takes some parting digs at Maria Sharapova

Caroline Wozniacki takes some parting digs at Maria Sharapova

Maria Sharapova and Caroline Wozniacki's icy relationship was on full display in their third-round match at the Australian Open. Sharapova refused to look at Wozniacki during... Read more ...

Good Samaritan transports surgeon, donor kidney from Cranberry to Erie after...

Good Samaritan transports surgeon, donor kidney from Cranberry to Erie after flat tire

Transporting a kidney proved to be more difficult than transplanting it for one UPMC surgeon. Read more ...

Super blood moon set for Sunday night

Super blood moon set for Sunday night

Is this a good omen for the Chiefs? There's total lunar eclipse Sunday that will turn the moon red. Read more ...

'Totally appropriate': President denies Speaker Nancy Pelosi aircraft for...

'Totally appropriate': President denies Speaker Nancy Pelosi aircraft for planned trip abroad

On Thursday the president denied the House speaker an aircraft for a planned trip abroad. Read more ...

Former Chicago Cop Jason Van Dyke To Be Sentenced For Laquan McDonald Murder

Former Chicago Cop Jason Van Dyke To Be Sentenced For Laquan McDonald Murder

The 2014 shooting was captured on an infamous video that showed McDonald, who was carrying a knife with a three-inch blade, walking away from Van Dyke just before the officer... Read more ...