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“Bed Bath & Beyond again warns of bankruptcy if new stock offering doesn’t pay off”

Bed Bath & Beyond is warning of a bankruptcy filing — again — if a proposed $300 million stock offering doesn’t pay off.

The beleaguered retailer said in a securities filing Thursday that its lenders downsized its loan. If it doesn’t receive proceeds from the stock offering, Bed Bath & Beyond warned Thursday it will likely need to file for bankruptcy protection…”

https://www.cnbc.com/2023/03/30/bed-bath-beyond-again-warns-of-bankruptcy-with-new-stock-offering.html

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