Sears’ Latest Bid to Stay Afloat? Its CEO Could Buy the Company’s Real Estate

Shares of Sears Holdings Corp. enjoyed a solid nudge today after its CEO, Eddie Lampert, offered to purchase the struggling retailer’s real estate through his hedge fund in a bid to salvage his retail enterprise. After hovering in the green throughout the day, the stock closed up nearly 8 percent to $3.24. In a letter to the company’s board of directors, Lampert proposed to buy household appliance brand Kenmore along with SearsHome Improvement and PartsDirect businesses through ESL...

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