Report: Sycamore Partners may bid for Sears Canada

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Sycamore Partners is interested in making a bid for Sears Canada (NASDAQ:SHLD), according to the New York Post.

Though Eddie Lampert started off with a deal target of $2B for the Canadian retain chain, Sycamore is likely to offer considerably less.

Sears also has the option to sell off the Sears Canada stores piecemeal to major retailers such as Canadian Tire, Hudson's Bay, and Wal-Mart.