Sources: Lampert, Cyrus to bid for 500 Sears stores

The Sears chairman is  working with Cyrus Capital Partners on a bid to acquire about 500 of the retailer’s stores and operate them as a slimmed-down company, sources said. At the same time, Sears advisers are in talks with liquidation companies in case a sale of the stores doesn’t go through. Read the CNBC story here

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