Sears rises after analyst tells CNBC that company may go private
Sears Holdings Corp., the retailer controlled by hedge fund manager Edward Lampert, rose the most in more than 19 months after an analyst told CNBC that the company may seek to go private.
The shares climbed 11 percent to $37.11 at 10:52 a.m. New York time after earlier increasing as much as 16 percent for the biggest intraday gain since May 2009.
Mary Ross-Gilbert, a managing director at Imperial Capital LLC in Los Angeles, told CNBC that Lampert may seek to take the company private.
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