NPR Marketplace: Robert Rostan in Ex-CEO bids more than $5 billion to keep Sears open
By Marielle Segarra
The man who steered Sears into bankruptcy just bought the retailer in a bankruptcy auction. Eddie Lampert bid more than $5 billion to acquire the company — of which he and his hedge fund, ESL Investments Inc., are already the largest creditors and shareholders. The deal forgives $1.3 billion in...