By  on December 7, 2018

Just what exactly is Edward S. Lampert’s end game?

While many believe the Sears and Kmart nameplates lost relevance long ago and have watched their slow march toward oblivion, Lampert through his hedge fund ESL Investments on Thursday did what many observers expected of him: He bid — offering $4.6 billion to be precise — for bankrupt Sears Holdings Corp. through his hedge fund ESL Investments. Lampert has plenty of reasons not to walk away from Sears: He’s the retailer’s largest shareholder and debt holder, not to mention its chairman.

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