Sears saved from liquidation; possibly.
Sears winning bankruptcy auction set to pay $5.2 billion; Edward Lampert.
Edward Lampert, the chairman of Sears, and his hedge fund have increased their bid to $5 billion and is willing to assume additional liabilities.
Sears starts preparing for total liquidation.
The chairman of Sears, Edward Lampert, along with his hedge fund submitted a separate real estate offer as a safety net in the event their $4.4 billion bid as the bankruptcy retailer fails.