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EagleBank Presents: 15 Things You Need to Know

EagleBank Presents: 15 Things You Need to Know
Retail Icon Sears To Close 80 More Stores,
Lampert Bids To Stall Liquidation  
Sears chairman and former CEO Eddie Lampert submitted a bid to rescue Sears — which announced a further round of store closures Friday — from bankruptcy ahead of the Friday afternoon deadline, postponing imminent liquidation. Whether liquidation is completely off the table has yet to be determined. Sears’ advisers have until Jan. 4 to determine whether chairman and former CEO Eddie Lampert, bidding through hedge fund ESL Investments, is a "qualified bidder." 


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