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Sears creditors object to Chairman Edward Lampert's successful $5.2 billion bid to keep chain open

Sears Holdings Corp. confirmed Thursday that Chairman Edward Lampert won a bankruptcy auction with a $5.2 billion proposal to keep the retailer in business and preserve 45,000 jobs.

The bid includes “substantially all” of the Hoffman Estates-based retailer’s assets, including the remaining Sears...



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