<p>One of America&#8217;s most iconic businesses, which has been in business for over 125 years and still employees 68,000 people, is on the verge of liquidation after an eleventh-hour, $4.4 billion takeover bid failed to satisfy advisers to the company, which hasn&#8217;t turned a profit in nearly a decade.</p>
<p>&#8220;Sears Holdings Corp will ask a bankruptcy judge on Tuesday if it can proceed with liquidation after it could not reach an agreement on Chairman Edward Lampert&#8217;s $4.4 billion takeover bid, casting doubt on the survival of the 126-year-old U.S. department store,&#8221; <a href="https://www.reuters.com/article/us-sears-bankruptcy-liquidation-exclusiv/exclusive-sears-to-ask-bankruptcy-judge-to-liquidate-sources-idUSKCN1P218J">Reuters</a> exclusively reported Tuesday, citing sources familiar with the matter.</p>

Sears Takeover Bid Fails, Asks Bankruptcy Judge To Liquidate: Report

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President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

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A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
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Sears Takeover Bid Fails, Asks Bankruptcy Judge To Liquidate: Report