How Bed Bath & Beyond ended up on the verge of bankruptcy
The company has avoided a bankruptcy filing for now by completing a stock offering that will give it an immediate injection of funds.
Source: local3news.com
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The company has avoided a bankruptcy filing for now by completing a stock offering that will give it an immediate injection of funds.
In addition to the funding, Bed Bath & Beyond will begin selling off its stock. Stock soared 92 percent today before dropped 32 percent from that high.
Will issue securities in a bid to raise more than $1 billion.
Bed Bath & Beyond Inc.'s undoing is a story of how deciding to rip it up and start again can leave a company in tatters. Read more.
It's always nice to focus on the winners on a down day.