Sears Chairman Submits $5 Billion Bid For Company
- 5 years ago
Reuters reports that Sears Holdings Chairman Eddie Lampert submitted a revised takeover bid.
Lampert's bid for the company is more than $5 billion.
This new bid significantly increases the likelihood the U.S. department store will be able to stay in business.
Sears set a Wednesday deadline for Lampert to submit a new offer for the retailer and a $120 million deposit.
Lampert made the new offer after his earlier $4.4 billion bid fell short.
Lampert's bid for the company is more than $5 billion.
This new bid significantly increases the likelihood the U.S. department store will be able to stay in business.
Sears set a Wednesday deadline for Lampert to submit a new offer for the retailer and a $120 million deposit.
Lampert made the new offer after his earlier $4.4 billion bid fell short.