No Deal: Sears Rejects Lampertҳ Takeover Bid, Will Liquidate 126-Year-Old Retail Icon

One of the most storied companies in American history may have just days left to live, as Sears Holdings Corp has rejected Chairman Eddie Lampert’s takeover bid and intends to proceed with liquidation proceedings. Lampert, via his hedge fund — ESL Investments — had cobbled together a $4.4 billion offer for the 126-year-old retailer, but

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