Sears Chairman Lampert offers to buy bankrupt retailer

Reuters | Thu, December 6, 2018 10:01 EST

(Reuters) - Sears Holdings Corp Chairman Eddie Lampert's ESL Partners LP has submitted a $4.6 billion bid to buy the bankrupt retailer, the hedge fund said on Thursday.

Sears, which had filed for bankruptcy protection on Oct. 15, faces a Dec. 15 deadline to find a buyer to keep it in business, according to court papers.

(Reporting by Soundarya J in Bengaluru; Editing by Saumyadeb Chakrabarty)

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