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Sears shareholder urges sale of Kenmore unit
New York Sears Holdings faces pressure as ESL Investment proposes buying Kenmore and related units including Sears Home Services and Parts Direct. Lampert-led ESL values the assets at about 500 million dollars, though no firm bid is made. Shares rose briefly on the prospect while the company continues to struggle amid a broad retail downturn.
MENTIONED IN THIS ARTICLE
New York
Sears
Kenmore
ESL Investment
Edward Lampert
Sears Home Services
Amazon.com
ESL
James D’arezzo
Glendale
Calif
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Fidelity
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Associated Press
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