The Clap
According to sources, Bed Bath & Beyond (NASDAQ:BBBY) is in talks with Sycamore Partners, a PE firm, for the sale of its assets.
What
These talks come after Bed Bath & Beyond warned that they are considering bankruptcy. In addition, the company is in talks with other companies over other potential courses of action.
So What
The company is facing continued financial pressure, as its cash supply continues to get lower. Lower sales and a larger-than-expected quarterly loss are pushing the company to consider selling the buybuy Baby chain, which helped the company secure a $375mn loan last year.
Now What
The company’s shares declined more than 30% during Friday’s session.
