Bed Bath & Beyond's Future Uncertain as Company Seeks to Sell $300 Million in Stock.
TL;DR Summary
Bed Bath & Beyond has warned that it may go bankrupt if its $300 million equity offering fails. The retailer filed to sell new shares to stay afloat and repay creditors after a hedge-fund rescue effort faltered and as day traders flee. The latest deal arranged by B. Riley Securities, known as an at-the-market offering, has the advantage of raising funds faster than the agreement with Hudson Bay. However, the retailer also faces mounting operational challenges that make an eventual bankruptcy filing likely, according to analysts, investors and some of the retailer’s suppliers.
- Bed Bath & Beyond Eyes Share Sale as Hudson Bay Deal Falters Yahoo Finance
- Bed Bath & Beyond again warns of bankruptcy if new stock offering doesn't pay off CNBC
- Bed Bath & Beyond says it will likely file for bankruptcy if it can't sell $300 million in stock CNN
- Bed Bath & Beyond Has More Stock to Sell Bloomberg
- Bed Bath & Beyond files to sell up to $300 million worth of stock Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 4 min read
Condensed
88%
768 → 93 words
Want the full story? Read the original article
Read on Yahoo Finance