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Reading: Bed Bath & Beyond Shareholders to Recover Nothing Under Proposed Reorganization Plan
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News Junction > Blog > Business > Bed Bath & Beyond Shareholders to Recover Nothing Under Proposed Reorganization Plan
Bed Bath & Beyond Shareholders to Recover Nothing Under Proposed Reorganization Plan
Business

Bed Bath & Beyond Shareholders to Recover Nothing Under Proposed Reorganization Plan

Published July 21, 2023
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1 Min Read
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Bed Bath & Beyond shareholders will receive zero recovery under a proposed reorganization plan that the bankrupt home-goods retailer revealed on Thursday. 

The proposal, filed with the U.S. Bankruptcy Court in New Jersey, said the stock in Bed Bath & Beyond “shall be canceled, released and extinguished.” Shareholders will have no right to claim any future recovery either, according to the proposed plan. 

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#Bed #Bath #Shareholders #Recover #Proposed #Reorganization #Plan

TAGGED:BankruptcyBathBBBYQBedBed Bath & BeyondC&E Industry News FilterContent TypescorporateCorporate ActionsCorporate Financial DifficultyCorporate Organizational Restructuringcorporate strategyCorporate Strategy/PlanningCorporate/Industrial NewsFactiva FiltersHousehold Goods Retailingindustrial newsplanplanningproProposedRecoverReorganizationRetailRetail/WholesaleShareholdersSpecialty RetailingSYNDwholesaleWSJ-PRO-DEBT
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