Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer


Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailerLampert's offer calls for about 500 Sears stores to remain open and would keep 50,000 of the retailer's workers employed, according to a letter from his hedge fund filed with the Securities and Exchange Commission on Thursday. Preliminary indications of interest for Sears assets were due Wednesday, according to court papers. ESL's takeover bid features financing from a variety of sources and a complicated structure not uncommon in bankruptcy auctions.