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KM Financial Solutions | Sears chairman’s takeover proposal faces moment of truth
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Sears chairman’s takeover proposal faces moment of truth

15 Jan Sears chairman’s takeover proposal faces moment of truth

Posted at 00:46h in News by
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Negotiations between Sears
Holdings Corp Chairman Eddie Lampert and the bankrupt
U.S. department store operator approached a resolution late on
Tuesday as the billionaire hedge fund manager faced the choice
of improving his $5 billion offer for the company or ending his
takeover plans, people familiar with the matter told Reuters.

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