Sears Chairman Eddie Lampert makes two offers for Sears: One to save it, one to salvage pieces in a partial liquidation

• Eddie Lampert on Wednesday outlined his $4.4 billion bid to buy 425 Sears stores to keep it alive.
• Lampert also offered a backup bid to buy at least 250 stores in a partial liquidation, if Sears advisors do not deem his bid viable.
• Lampert’s $4.4 billion offer is funded in part with $1.8 billion in credit, a move Sears’ unsecured creditors have protested

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