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Sears Chairman Offers $4.6 Billion to Buy Retailer

Edward Lampert's ESL Investments Aims to Keep 500 Profitable Stores, 50,000 Jobs
ESL Investments has bid $4.6 billion to buy Sears Holdings, the parent company of Sears and Kmart stores.
ESL Investments has bid $4.6 billion to buy Sears Holdings, the parent company of Sears and Kmart stores.
By Jennifer Waters
CoStar News
December 6, 2018 | 7:42 P.M.

ESL Investments, a hedge fund founded by Sears Holdings Chairman Edward Lampert, is offering $4.6 billion to salvage the retailer's remaining assets and keep the chain running.

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