Excerpt from news article before Eddie's buyout:
Advisers for the hedge fund crafted a bid that commits ESL to cover more than $40 million of existing severance costs, and more for workers hired in a reorganized Sears, said a person with knowledge of the matter. Lampert is adding $120 million that a bankruptcy court said he needed to post in advance to qualify for an auction set for next week, said the person, who wasn’t authorized to comment publicly. ESL would pick up tax and supplier bills that Sears incurred during bankruptcy proceedings, the person said.