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Sears Crimps ESL’s Gains
The retailer, which has given back its big gains this year, now accounts for half of Edward Lampert’s firm’s equity assets.
Last Thursday’s 8.2 percent decline in the shares of Sears Holdings was, of course, a big blow to Edward Lampert’s ESL Partners, the embattled retailer’s biggest shareholder with roughly 52 percent of the shares. But these days Sears is playing a bigger role in Lampert’s portfolio than it has for
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