Eddie Lampert Sweetens Sears Bid by $600 Million Ahead of an Auction That Will Decide the Company's Fate - Business Insider -BoardProspects

Eddie Lampert Sweetens Sears Bid by $600 Million Ahead of an Auction That Will Decide the Company's Fate

Business Insider Jan 10 2019 BoardNews
- Sears Chairman Eddie Lampert on Wednesday boosted his takeover bid to $5 billion, up from $4.4 billion.
- Lampert's new proposal will be assessed against competing parties' bids at an auction scheduled for Monday.
- Lampert's offer is the only one that would avoid a liquidation.
Sears Chairman Eddie Lampert has sweetened his bid for the company's assets in a final attempt to avoid a liquidation...
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Quotes
1. We believe our proposal will provide substantially more value to stakeholders than any other option, in particular a liquidation, and is the best path forward for Sears, its associates and the many communities across the United States touched by Sears and Kmart stores.
Topics Mentioned
- Sears
- Eddie Lampert
- Kmart
- SunTrust
- Takeover Bid
- bankruptcy
- Takeover
Authors
- Hayley Peterson
- Hcpeterson