Court Approves Eddie Lampert’s Bid to Buy Bankrupt Sears

(From CBS News)

A bankruptcy judge has blessed a $5.2 billion plan by Sears chairman and biggest shareholder Eddie Lampert to buy the struggling department store chain.

Lampert’s bid, through his ESL hedge fund, overcame opposition from a group of creditors, including mall owners and suppliers, that tried to block the sale and pushed hard for liquidation.

Click here for the article.