CNBC December 3, Retailer Ace Hardware and investment firm Centerbridge Partners are together eyeing an offer for bankrupt Sears Holdings Corp's home services division that would compete with an expected bid from Chairman Eddie Lampert, people familiar with the matter said on Monday. Wednesday is the deadline for initial offers in a bankruptcy auction for the home services business, the largest U. The group eyeing the home services division has studied a possible bid for weeks, though there is no guarantee an offer will materialize, the sources said. The sources did not give a value for a potential offer from Centerbridge and Ace, which has more than 5, stores globally. A Sears's spokesman declined to comment. An Ace representative did not immediately respond to a request for comment and a Centerbridge spokesman declined to comment.
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Canadian Press December 17, Ten months after taking over, the company licensed by Sears to provide home installed products and service is in receivership. About half of the affected employees - — work in Ontario and include sales associates, installation specialists, inspectors, managers and office assistants, among others. Customers who have made deposits with Sears Home Services for home installed products are being asked to call and leave a message to learn what will become of their money. Sears Canada spokesman Vince Power said in an email that the company is working with PwC Canada, which is handling the receivership, to ensure that customers are looked after and that all Sears Home Services warranties are honoured.