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CORTE MADERA, CA-Sears Holding Corp. is offering $6.75 per share, or about $262 million, for home-furnishings chain Restoration Hardware. The proposal tops a $6.70 bid by private-equity firm Catterton Partners that was made earlier this month.

Sears currently holds just less than13.7% of the 102-store Restoration Hardware’s stock. Sears’ offer is contingent upon company information about Restoration Hardware that Sears’ management says it has not yet received.

According to a Sears letter to Restoration Hardware executives, the company first made its intention to acquire the retailer known in June. Restoration Hardware is entertaining offers other than the Catterton bid until Dec. 13.

Gary Friedman, Restoration Hardware’s chairman, president and CEO, is participating with Catterton in its offer. Catterton, based in Greenwich, CT, has invested in Baja Fresh Mexican Grill, Build-A-Bear Workshop and P.F. Chang’s China Bistro, among other retail companies.

During its fiscal year’s second quarter, which ended Aug. 4, Restoration reported a net loss of $5.5 million compared to a $1.2-million gain during the same year-ago period. Revenues during the quarter rose to $183.8 million, from $179.3 million, and executives predicted a 6% to 7% increase for the year. Its stock had closed at $2.68 per share before the Catterton bid.

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