1. Sears is Getting Slammed After Report Says it is Set to Announce its Liquidation Plans

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    Sears is Getting Slammed After Report Says it is Set to Announce its Liquidation Plans
    • Sears filed for Chapter 11 bankruptcy in October.
    • Chairman Eddie Lampert had put forward a $4.4 billion bid to save Sears by buying it out of bankruptcy through his hedge fund ESL Investments.
    • The iconic American retailer has rejected Lampert's bid and is set to announce its liquidation plans Tuesday morning, CNBC reported.
    • Lampert still has a chance to present details of his offer and make the case for renewing efforts to save the retailer, according to Reuters...
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