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Ace Hardware, Centerbridge eye Sears home services asset

Dec. 03, 2018 2:54 PM ETSears Holdings Corp. (SHLDQ) StockSHLDQBy: Clark Schultz, SA News Editor42 Comments
  • 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.

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