Bed Bath & Beyond stock falls to 30-year low on reverse stock split plan
Bed Bath & Beyond shares hit a 30-year low on Monday. special meeting To seek shareholder approval for a reverse stock split. ticker safety last change change % bbee Bed Bath & Beyond Co., Ltd. 0.81 -0.22 -21.12% The meeting time and location will be announced at a later date, the company said. With the […]
Dan Loeb’s Third Point seeks new Bath & Body Works directors
Billionaire investor Dan Loeb told Bath & Body Works Wednesday that his hedge fund Third Point is set to launch a board challenge, and the company’s new board additions will help boost governance, capital He said it had not addressed his concerns about allocations and executive compensation. Thirdpoint founder Daniel Loeb said, “As a fiduciary, […]
REPORT: Bed Bath And Beyond Approaches Brink Of Bankruptcy
Bed Bath and Beyond is nearing bankruptcy as it announces the closure of more stores. A company spokesperson also said, “We failed to pay more than $28 million on three tranches of bonds maturing February 1, totaling approximately $1.2 billion.” Confirmed to the Wall Street Journal. This comes after the company reported a shortfall of […]