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Sears shares jump after CEO offers to buy brand

AP Sears shares are jumping Monday after CEO Eddie Lampert proposed to buy one of its units through his hedge fund, ESL Investments. Sears is selling off its real estate, brands, and closing stores in an effort to stave off bankruptcy. Shares of the struggling retailer jumped Monday — rising more than 5% to $3.39 a share — after the company's own CEO, Eddie Lampert, offered to buy its Kenmore unit, along with real estate and other assets.


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