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Lampert Is Said to Prepare Improved Offer to

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WHIP THE HORSE   Wednesday, 01/09/19 04:51:57 PM
Re: None
Post # of 35177 
Lampert Is Said to Prepare Improved Offer to Keep Sears Open (1)
Posted Jan. 9, 2019, 12:32 PM
New bid would go beyond the existing $4.4 billion proposal
Hedge fund has until end of the day to submit revised terms
Eddie Lampert’s ESL Investments hedge fund is planning to submit an improved offer to keep Sears Holdings Corp. in business.

Advisers for the hedge fund are drafting a bid that would satisfy conditions set in U.S. bankruptcy court on Jan. 8, said a person with knowledge of the matter.

The revisions include committing more capital, the person said.

ESL is planning to disclose its intentions in a regulatory filing, said the person, who wasn’t authorized to comment publicly. Lampert and...

https://news.bloomberglaw.com/daily-labor-report/lampert-is-said-to-prepare-improved-offer-to-keep-sears-open-1?utm_source=rss&utm_medium=DLNW&utm_campaign=00000168-3399-d3cc-ad6d-f7df89720000


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