It looks like Sears Holdings has found bidders for its Craftsman brand, which could bring in as much as $2 billion.
Potential buyers include Stanley Black & Decker, Techtronic Industries, Apex Tool Group and Husqvarna AB, according to Bloomberg. None of the parties involved commented on the report.
In May, Sears said it would consider options for its flagship brands: Kenmore, Craftsman and DieHard.
Final bids are due at the end of October and Craftsman's value could be as high as $2 billion.
Sears has been selling off assets for years, mainly in the form of real estate, ever since it merged with Kmart and came under the leadership of Eddie Lampert, now chairman and CEO of the company.
Lampert has countered critics who claim his goal is to wring every last dollar out of the company before turning out the light. Just yesterday, he restated his commitment to Kmart, saying that the chain is not closing.