Reuters reports that Sears Holdings Chairman Eddie Lampert submitted a revised takeover bid.<br />Lampert's bid for the company is more than $5 billion.<br />This new bid significantly increases the likelihood the U.S. department store will be able to stay in business.<br />Sears set a Wednesday deadline for Lampert to submit a new offer for the retailer and a $120 million deposit.<br />Lampert made the new offer after his earlier $4.4 billion bid fell short. <br />
