Bed Bath & Beyond (BBBY) Said to Hire Kirkland & Ellis for Debt Help

August 18, 2022 5:25 PM EDT

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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.

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