Sears Has 24 Hours to be Saved
- The deadline to submit bids for Sears' business is 28 December.
- Chairman Edward Lampert and his hedge fund ESL Investments outlined a plan earlier this month to buy up the rest of Sears for up to $4.6 billion in cash and stock. However, sources told CNBC that as of Thursday afternoon Lampert had not submitted his bid or rounded up financing.
- These sources also told CNBC that ESL is currently the only party offering to buy Sears as a whole...