Billionaire Who Led Sears Into Bankruptcy Offers To Buy It

Former Sears CEO and billionaire investor Eddie Lampert is now looking to buy what’s left of the bankrupt retailer.

Lampert and his hedge fund, ESL Investments, said in a regulatory filing on Thursday that he plans to offer $4.6 billion in cash and stock to buy all of Sears, a move he said could save 50,000 jobs.