Kenmore to be Bought

Reuter’s recently reported that a hedge fund owned by Sears CEO Eddie Lampert has offered to buy the Kenmore brand for $400M in cash.

The offer was made in a letter to Sears’ board last week on August 14th.

ESL Investments has also made an offer to by the appliances brand for as much as $80M, Image result for sears ceoalso in cash.

Lampert stated in April that Sears should sell its Kenmore brand, home improvement businesses and real estate, and that ESL Investments would bid in any sale.

Sears formed a special committee in May to explore the proposal.

If you have a struggling business, contact our law office at 816-524-4949 or visit our website at

This entry was posted in General. Bookmark the permalink.

Leave a Reply