What happened to BBBY?

However, the deal was terminated after the conditions of the exchange offer were not met. As of 27 August 2022, the company’s long-term debt stood at $1.729bn and cash in hand at $166.7m. BBBY is expected to announce its third-quarter earnings on 10 January 2023.

Who owns BBBY?

As of 5 January 2023, Davis Selected Advisers, Capital Research & Management and The Vanguard Group were the top three institutional shareholders of BBBY with a combined stake of 32.1%, data compiled by MarketScreener showed.

Is BBBY trading at a 57% discount?

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Does BBBY have a negotiating power?

Meaning BBBY has very little negotiating power for leases it wants to keep even AFTER a Ch 11. Only thing it can do is cancel leases for stores its closing. Yesterdays reporting was that BBBY was looking for a small amount of DIP just to facilitate liquidating stores.