Retailer Ace Hardware and investment firm Centerbridge Partners are together eyeing an offer for bankrupt Sears Holdings Corp‘s home services division that would compete with an expected bid from Chairman Eddie Lampert, people familiar with the matter said on Monday.

Wednesday is the deadline for initial offers in a bankruptcy auction for the home services business, the largest U.S. appliance repair provider, and other Sears assets, according to a November letter from the company’s bankers to prospective bidders. The group eyeing the home services division has studied a possible bid for weeks, though there is no guarantee an offer will materialize, the sources said.

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