Sears Holdings Chairman Eddie Lampert apparently did the equivalent of pulling another rabbit out of a hat with the submission of a higher bid, at roughly $5 billion, to purchase what’s left of the iconic retailer, the only known move to keep the retailer in business.
Lampert Said to Up Bid for 425 Sears and Kmart Stores, 50,000 Jobs
Reports Say Sears Holding Chairman Hopes to Participate in Jan. 14 Auction
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