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Bed Bath & Beyond reportedly sells $1B in stock to avoid bankruptcy

Por: New York Post Business February 08, 2023

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Bed Bath & Beyond reportedly has lined up investors for a last-minute cash infusion to help the struggling home-goods retailer avoid bankruptcy — but experts are skeptical whether the plan will work. Hudson’s Bay Capital Management has agreed to anchor a sale of preferred stock that Bed Bath & Beyond disclosed late Monday that would raise more than $1 billion, according to Bloomberg. Nevertheless, the retailer’s shares — which surged 92%... + full article



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