- Ace Hardware and Centerbridge Partners LP are looking to strapping together a joint bid for Sears Holdings' (OTCPK:SHLDQ) home services division, according to Reuters. Ace Hardware is the world's largest hardware retail cooperative, while Centerbridge is a PE firm that specializes in leverage buyouts.
- Sources indicate that an offer from the pair is likely to compete with one from Sears Chairman Eddie Lampert.
- Initial offers are due in by Wednesday for the home services asset.