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Lampert revises Sears bid to exceed $5B

January 10, 2019

Despite creditor criticism from the get-go, numerous rejections in the weeks since and declarations from anonymous sources that Sears was careening toward liquidation, Lampert is still in the running to buy back the iconic department store chain.

“We believe our proposal will provide substantially more value to stakeholders than any other option, in particular a liquidation, and is the best path forward for Sears, its associates and the many communities across the United States touched by Sears and Kmart stores,” a spokesman for ESL Investments said in a statement emailed to Retail Dive.

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