Sears board to decide if Kenmore sale to Lampert makes sense
August 20, 2018
Edward Lampert, CEO of Sears Holdings and manager of its largest investor ESL Investments, wants to buy the company’s Kenmore appliance brand for $400 million. Now, independent investors on the board of Sears need to decide whether it is in the company’s best interest to sell to ESL or hold out for a better deal from the hedge fund or perhaps another bidder.
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