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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 - Offer - One - Liquidation
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.
Lampert - Affiliate - Hedge - Fund - ESL
Lampert, through an affiliate of his hedge fund, ESL Investments, on Wednesday submitted a $5 billion takeover bid, which was revised from an earlier bid worth $4.4 billion that Sears had rejected.
Lampert's new bid, which would assume additional Sears liabilities worth roughly $663 million, will be assessed against competing parties' bids at an auction scheduled for Monday.
Bid - Approval
The winning bid must get approval...
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