Sears to remain open after Chairman Edward Lampert wins bankruptcy auction, saving the struggling retailer from shutting remaining stores
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Sears’ Edward Lampert sweetens his bid to keep stores open, source saysSears is teetering on the edge of liquidation. Some of the company's creditors feel it is worth more to them dead than alive.
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Creditors Say Edward Lampert Reaped Billions but Left Sears InsolventSears Chairman Edward Lampert and his hedge fund deployed stock buybacks, spinoffs and dividends to rake in billions of dollars while stripping the company of assets and cash, according to an investigation by the retailer’s creditors
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Ex-Sears CEO Eddie Lampert orchestrated 'scheme' to 'steal' Sears, creditors allegeSears boss and investor Eddie Lampert orchestrated a 'multi-faceted scheme' to strip the company of assets, major creditors alleged.
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Eddie Lampert submits revised bid of roughly $5 billion in last-ditch effort to save SearsThis latest attempt comes one day after Lampert's initial $4.4 billion bid to save Sears was rejected by the company.
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