The Wall Street Journal reported that ESL Investments, the hedge fund of Sears CEO Edward Lampert, sent an offer letter to buy the company’s iconic Kenmore appliance brand for $400 million.
According to the Journal, a “special board committee” was formed by the company as it examines its options.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!
Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]
Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com
