Sears Holdings Corporation (OTCPK:SHLD.Q) agreed on January 08, 2019 to consider a revised takeover bid from Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old U.S. department-store chain. Lampert’s latest attempt to rescue Sears came after his previous $4.4 billion bid fell short, prompting Sears to make liquidation preparations ahead of a bankruptcy court hearing in New York on January 08, 2019. The attorney, Ray Schrock of Weil, Gotshal & Manges LLP, did not disclose further details of the new offer, which materialized after what he described as several days of round-the-clock negotiations.