Eddie Lampert wins auction for what’s left of Sears

Eddie Lampert wins auction for what’s left of Sears

Eddie Lampert, the company’s chairman and biggest shareholder, on Wednesday morning emerged as the winning bidder for the bankrupt retailer Sears. Lampert’s $5.2 billion proposal, made through his hedge fund ESL Investments, was increased from an earlier bid that followed an auction that began Monday. The exact financial terms of Lampert’s winning bid were not immediately available.

Timothy
Timothy
Jay Brunt
Jay Brunt 1 year

So he gets a hammer?

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