Facing liquidation, Sears gets $5 billion rescue bid from chairman
Sears Chairman Edward Lampert has raised his bid to buy the bankrupt retailer's assets, submitting a proposal that could top $5 billion.
The new proposal would see Lampert's hedge fund, ESL Investments, take on up to $663 million in additional liabilities in an effort to strengthen its offer before a Monday bankruptcy auction. At stake? Whether the more than 125-year-old retailer, with hundreds of stores and tens of thousands of
