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Lampert Gets Nod From Pension Watchdog in Bid to Keep Sears Alive

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Edward S. Lampert has a big win after Sears Holdings Corp. reached a settlement with the government’s pension watchdog, which in turn is now backing his hedge fund’s $5.2 billion bid to acquire the bankrupt retailer. According to testimony at the bankruptcy court hearing Thursday, Sears’ attorney told the judge that the retailer and the…

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