Billionaire investor Eddie Lampert had last month asked the company’s board to sell these assets, adding that his hedge fund ESL Investments Inc would bid in any sale. ESL had bid $500 million for the home improvement and parts direct and said it planned to table a bid for Kenmore and the chain’s real estate assets. Lampert, who is also the Chief Executive Officer of the company, had said he would excuse himself from any discussions or decisions for any potential transaction involving ESL as a buyer. …read more
Source:: Yahoo Finance
