On Tuesday morning, it appeared that Sears Holding Corp. was moving closer to liquidation, after Reuters reported that Sears executives planned to ask a bankruptcy judge if the retail chain can proceed with liquidation. But by Tuesday afternoon, CNN reported that following delays at a morning hearing in bankruptcy court, attorneys for Sears said the company had accepted a revised bid from a hedge fund controlled by chairman Eddie Lampert and his ESL Investments hedge fund.
The deal could keep…
