Eddie Lampert's deal to buy Sears granted approval, as retailer is given a second life
February 07, 2019 at 15:52 PM EST
Sears was granted a new lifeline on Thursday as its sale to Chairman Eddie Lampert, through an affiliate of his hedge fund ESL Investments, was approved by Judge Robert Drain. Lampert's $5.2 billion deal is expected to save 425 stores and roughly 45,000 jobs.
