ESL Investments Makes Offer for Sears Assets
On August 14, Sears Holdings’ (SHLD) special committee received an offer from ESL Investments to buy the Kenmore brand for $400 million and its Sears Home Improvement Products business for another $70 million, according to an SEC filing. Sears Home Improvement Products belong to Sears Home Services division. Sears stock was up 2.2% on August 14.