Sears gets more time: Chairman Edward Lampert's bid to save retailer still in the running
Sears Chairman Edward Lampert's push to save the bankrupt retailer still has a shot to succeed.
Sears agreed to consider a revised bid from Lampert along with other bids during a bankruptcy auction Monday, Ray Schrock, an attorney for Sears Holdings Corp., told Judge Robert Drain on Tuesday during a hearing before the U.S. Bankruptcy Court for the Southern District of New York.
While Lampert has bought more time to revise his bid, which aims to keep the retailer in
