Bed Bath & Beyond (BBBY) Said to Hire Kirkland & Ellis for Debt Help
- Wall Street ends sharply higher as Treasury yields dip
- Apple Falls 4% on Report It Will Not Ramp Up iPhone 14 Production, Analyst Not Surprised
- Biogen (BIIB) Surges After 'Best-Case' Alzheimer's Drug Trial Results; Stock Earns Several Upgrades
- Europe Stock Outflows 'Worse Than During COVID Panic' - Citi
- Oil up 4% as Bulls Storm Back In on Hurricane, Crude Draw and Dollar Drop
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
In addition to downside action following Ryan Cohen's confirmed liquidation of his Bed Bath & Beyond (NASDAQ: BBBY) stake, reports from Bloomberg that the company hired law firm Kirkland & Ellis for debt help could be contributing to the weakness.
Kirkland & Ellis is known for their work in restructuring and bankruptcy situations, so the news is raising some eyebrows.
Shares of Bed Bath & Beyond are down 34% after-hours.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bed Bath & Beyond (BBBY) option IV increases into quarter results
- Workiva (WK) Said to Draw Thoma Bravo, TPG Interest - Bloomberg
- Loyalty Ventures (LYLT) Hires PJT to Explore Restructuring Options - DJ
Create E-mail Alert Related CategoriesRumors, Trader Talk
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!