Eddie Lampert sweetens Sears bid by $600 million ahead of an auction that will decide the company's fate (SHLD)

Reuters

• 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. 

Lampert, through an affiliate of his hedge fund, ESL Investments, on Wednesday submitted a $5 billion takeover bid, which was revised from an earlier bid worth $4.4 billion that Sears had rejected.

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See Also:

• Walmart is launching its 3rd online grocery test with a self-driving car in just 6 months
• Sears is getting one last chance to save itself from oblivion
• Sears is set to close hundreds of stores as a potential liquidation looms — but prices might increase instead of plummet

SEE ALSO: Inside Sears' death spiral: How an iconic American brand has been driven to the edge of bankruptcy

from Business Insider https://read.bi/2CibdoG