Bed Bath & Beyond Begins Talks on Bankruptcy Loan, Takeover

Bloomberg2023-01-13

Talks include exploration of potential takeover bidsHome goods retailer saw losses widen during latest quarterA Bed Bath & Beyond store in Westbury, New York. Photographer: Johnny Milano/BloombergBed ...

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Comments

oakfra
2023-01-13
oakfra
Again fud
Vincentan59
2023-01-13
Vincentan59
What is happening🫣🫣
PhilipAhuat
2023-01-13
PhilipAhuat
But how come the shares price is soaring ?
- LiuKarKit:
  Squeezing
- Vincentan59:
  Yes
- SimonChan:
  👍🏻
Bonds
2023-01-13
Bonds
Ok
leeinvest
2023-01-13
leeinvest
...
kong1509
2023-01-13
kong1509
Ok

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Photographer: Johnny Milano/BloombergBed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-12/bed-bath-beyond-begins-bankruptcy-loan-takeover-discussions?srnd=premium-europe\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bed Bath & Beyond Begins Talks on Bankruptcy Loan, Takeover</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBed Bath & Beyond Begins Talks on Bankruptcy Loan, Takeover\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-13 07:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-12/bed-bath-beyond-begins-bankruptcy-loan-takeover-discussions?srnd=premium-europe><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Talks include exploration of potential takeover bidsHome goods retailer saw losses widen during latest quarterA Bed Bath & Beyond store in Westbury, New York. Photographer: Johnny Milano/BloombergBed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-12/bed-bath-beyond-begins-bankruptcy-loan-takeover-discussions?srnd=premium-europe\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4547","symbol_name":"WSB热门概念","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-01-12/bed-bath-beyond-begins-bankruptcy-loan-takeover-discussions?srnd=premium-europe","article_id":"2303010810","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2303010810","pubTimestamp":1673565562,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Talks include exploration of potential takeover bidsHome goods retailer saw losses widen during late","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4547":"WSB热门概念","BBBY":"3B家居","BK4178":"家庭装饰零售"},"translate_title":"贝德柏士比昂公司开始就破产贷款和收购进行谈判","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBBY":1},"content_text":"Talks include exploration of potential takeover bidsHome goods retailer saw losses widen during latest quarterA Bed Bath & Beyond store in Westbury, New York. Photographer: Johnny Milano/BloombergBed Bath & Beyond Inc. is speaking with potential lenders that would finance the company during bankruptcy proceedings, according to people with knowledge of the matter.The talks include the potential for a so-called stalking horse bid, in which the party would also offer to buy some or all of the company’s assets in bankruptcy and set the low-end of the bidding bar so that others can’t offer less, said the people, who asked not to be identified discussing private negotiations. Talks are in the early stages and terms could change, the people said.A spokeswoman for Bed Bath & Beyond reiterated a previous statement that the company is exploring “multiple paths” to improve the company’s outlook and is “determining our next steps thoroughly, and in a timely manner.”Union, New Jersey-based Bed Bath & Beyond has seen losses widen as it tries to pursue a turnaround of its business. In an earnings release Jan. 9, it said its net loss widened to $393 million in the three months ended Nov. 26 and said it was considering “all strategic alternatives” to get back on financial track.Last week, the retailer said those options included the possibility of bankruptcy, a warning that came after it withdrew a bond-swap offering.Bed Bath & Beyond has been getting advice from law firm Kirkland & Ellis and investment bank Lazard Ltd. Representatives for Lazard and Kirkland & Ellis did not immediately comment.Bed Bath & Beyond’s suppliers have become increasingly cautious in recent months, worried about getting paid for the products they are selling to the home-goods store chain. Some suppliers have stopped shipping merchandise altogether, while those that continue to work with the company have demanded increasingly stringent payment terms to ensure timely payment.Those efforts have left Bed Bath & Beyond with significantly fewer products on shelves than it would normally have, forcing some shoppers to leave empty handed, exacerbating the company’s downward spiral. The retailer, though, says it has been making progress in recent weeks restocking inventory. But it might be too little, too late.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9951729880,"gmtCreate":1673569037941,"gmtModify":1676538857050,"author":{"id":"3582726716151472","authorId":"3582726716151472","name":"oakfra","avatar":"https://static.tigerbbs.com/f043c379e1c93d1e70f4c4b88fb3e64a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3582726716151472","idStr":"3582726716151472"},"htmlText":"Again fud","listText":"Again fud","text":"Again fud","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951729880","repostId":2303010810,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951765014,"gmtCreate":1673568460539,"gmtModify":1676538856928,"author":{"id":"4098866635611070","authorId":"4098866635611070","name":"Vincentan59","avatar":"https://community-static.tradeup.com/news/a5c91735e742c607283b7643b505c8e4","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"4098866635611070","idStr":"4098866635611070"},"htmlText":"What is happening🫣🫣","listText":"What is happening🫣🫣","text":"What is happening🫣🫣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951765014","repostId":2303010810,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951784776,"gmtCreate":1673567317895,"gmtModify":1676538856679,"author":{"id":"4106512318741700","authorId":"4106512318741700","name":"PhilipAhuat","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4106512318741700","idStr":"4106512318741700"},"htmlText":"But how come the shares price is soaring ?","listText":"But how come the shares price is soaring ?","text":"But how come the shares price is soaring ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9951784776","repostId":2303010810,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105550697,"gmtCreate":1673575310359,"gmtModify":1673575324256,"authorId":3575414453819965,"author":{"id":3575414453819965,"idStr":"3575414453819965","authorId":3575414453819965,"name":"LiuKarKit","avatar":"https://community-static.tradeup.com/news/142e9bb4989aa0433e064e3c6e3f01a1","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 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</span></span>"},{"id":105548557,"gmtCreate":1673568215045,"gmtModify":1673568237312,"authorId":3572212448091017,"author":{"id":3572212448091017,"idStr":"3572212448091017","authorId":3572212448091017,"name":"SimonChan","avatar":"https://static.tigerbbs.com/9becd538a97d2ba19c33053c87e741cf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9951784776,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍🏻</span>","text":"<span class=\"s1\">👍🏻</span>","html":"<span 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