Tag: Bankruptcy Reorganization
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Why investors gamble on shares of bankrupt companies — Bed Bath & Beyond, for example
[ad_1] The recent movement in Bed Bath & Beyond Inc.’s stock has shone a spotlight on the attraction that bankrupt companies hold for some investors. Bed Bath & Beyond’s shares BBBYQ, -8.01% have risen 30.7% in the last month, outpacing the S&P 500’s SPX, -0.29% gain of 2.9%, despite the bankrupt home-goods retailer’s well-documented woes.…
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WeQuit: WeWork bonds sink after top executives resign from cash-burning company
[ad_1] WeWork Inc. bonds have been sinking deeper into distressed territory after two top executives left the company on the heels of a complex debt restructuring. WeWork’s roughly $163 million of 7.875% bonds due May 2025 were trading hands at about 45 cents on the dollar on Thursday, down from about 55 cents in mid-May,…
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Bed Bath and Beyond: Hundreds of leases set for auction, pending court approval
[ad_1] Bankrupt Bed Bath and Beyond Inc.’s real estate advisor A&G Real Estate Partners plans to auction hundreds of the home goods retailer and buybuy BABY’s leases as part of the company’s Chapter 11. A&G Real Estate Partners announced the plan, which is subject to court approval of bid procedures, on Tuesday. Bed Bath & Beyond BBBYQ,…
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Bed Bath & Beyond: from home-goods behemoth to bankruptcy
[ad_1] It’s the end of the road for Bed Bath & Beyond Inc., a company that was once a shining star of U.S. retail. The troubled home-goods retailer BBBY filed for chapter 11 on Sunday, after spending several months teetering on the brink of bankruptcy. The company said it aims to achieve an orderly wind…
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In-theater advertiser National CineMedia files for Chapter 11 bankruptcy
[ad_1] National CineMedia Inc., the nation’s largest movie-theater advertising network, filed for Chapter 11 bankruptcy late Tuesday. Earlier in the day, CineMedia stock NCMI shot more than 50% higher after movie-theater operator AMC Entertainment Holdings Inc. AMC disclosed that it owned a significant chunk of the company. See: National CineMedia… [ad_2] Source link