Last-Minute Bid May Save Sears —

Sears may not be going away after all, as a bid from chairman Eddie Lampert’s hedge fund is accepted by the retailer’s lawyers:

“After two long delays at a morning hearing in bankruptcy court, attorneys for Sears announced it had accepted a revised bid from a hedge fund controlled by Eddie Lampert, the chairman and former CEO of Sears. The deal could keep 425 of the stores open.

A judge still needs to approve the agreement.”

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