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Sears soars after sale speculation

AP Sears is rising after the company announced it is exploring the sale of some of its assets. CEO Eddie Lampert's hedge fund, ESL Investments, is interested in some of the assets, particularly Kenmore. Sears will put Kenmore, one of its home improvement businesses, up for sale, along with Sears Home Improvement Products, and Parts Direct, the company announced in a press release. "Sears Holdings Corporation (the "Company") (NASDAQ: SHLD) today announced that a special committee of the board of directors (the "Board") of the Company (the "Special Committee") is initiating a formal process to explore the sale of its Kenmore brand and related assets, the Sears Home Improvement Products business of the Sears Home Services division and the Parts Direct business of the Sears Home Services division (collectively, the "Sale Assets")," Sears said.

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