Temporary reprieve for Sears as chairman submits bid to buy retailer

Sears announced late Friday that it has been granted a reprieve from liquidating.

Eddie Lampert, the department store chain chairman and former CEO, submitted a bid to purchase the retailer and keep the company alive, reported CNBC,

The struggling company was expected to close 80 stores by March...

from World - New York Daily News https://nydn.us/2CE8QxY
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