But it wasn't immediately clear just how much additional cash Lampert will pay for the assets. According to lawyers close to the matter, one of the main sticking points was that the $4.4 bilion bid, which included $1.3 billion in financing from three financial institutions, didn't include cash.
Unsecured creditors have pushed for Sears to liquidate, partially because they contend they will realize a better financial recovery if it does.
Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old USA department store operator. The creditors' attorneys question whether the terms of those loans unduly benefited Lampert and his hedge fund rather than Sears.
Image: Sears has been steadily shutting stores, earmarking 262 shops for closure by February this year. In bankruptcy court filings it called Sears previous plans to stay in business "nothing more than wishful thinking " and "an unjustified and foolhardy gamble with other people's money".
FDNY firefighter falls from bridge responding to accident
Commissioner Daniel Nigro mourned the loss of Pollard, who had just began his career at the department a year and a half ago. The firefighter was transported to Kings County Hospital in serious condition, CBS New York's Natalie Duddridge reported .
Leave your egos at home - Kohli offers Australia Ashes advice
Indian cricket team celebrates their series win over Australia after play was called off on Day 5 of the fourth Test in Sydney . Sharing a couple of pictures of Team India and husband Kohli, Anushka wrote on her social media handle, "They came".
Ghosn protests innocence in first Japan court appearance
Kelly, who suffers from spinal stenosis, was later released on bail and is being treated at a hospital in Ibaraki Prefecture. If prosecutors charge him with either of the outstanding allegations that would also restart the pre-trial detention clock.