Tag: BBBYQ

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

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

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.  Shares...