Lampert's hedge fund says bid submitted to save Sears

NEW YORK — Sears Chairman Eddie Lampert's hedge fund said it submitted a last-minute bid Friday valued at $4.4 billion to keep the struggling retailer from being liquidated.Transform Holdco LLC, an affiliate of the ESL Investments hedge fund that Lampert heads, said it hoped to keep 425 stores open. The bid includes $1.3 billion in financing from three institutions, ESL said in a statement.The iconic retailer, once the nation's largest department store chain, faced a deadline of Friday for