Edward Lampert, the billionaire chairman of Sears Holdings and ESL Investments, won the marathon bankruptcy auction to keep the 126-year-old parent of Sears and Kmart stores in business and thousands of people employed.
Lampert’s ESL Wins Auction to Keep Sears, Kmart Stores Open
Bid Sweetened Three Times During Negotiations, Report Says; Creditors Have Until Jan. 24 to File Objections
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