ESL’s Eddie Lampert Wants To Take Over Sears

There are strings attached to ESL’s $1.8 billion credit bid in a $4.6 billion plan to reboot the iconic retailer.

(Victor J. Blue/Bloomberg)

(Victor J. Blue/Bloomberg)

Sears chairman Eddie Lampert and his hedge fund ESL Investments — the retailer’s largest shareholder and creditor — has come forward with an ambitious plan to take over a truncated Sears Holdings in a deal valued at $4.6 billion.

As part of the total, ESL wants to swap $1.8

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.