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- Sears filed for Chapter 11 bankruptcy in October.
- Chairman Eddie Lampert had put forward a $4.4 billion bid to save Sears by buying it out of bankruptcy through his hedge fund ESL Investments.
- The iconic American retailer has rejected Lampert's bid and is set to announce its liquidation plans Tuesday morning, CNBC reported.
- Lampert still has a chance to present details of his offer and make the case for renewing efforts to save the retailer, according to Reuters...