Bed Bath & Beyond announces reverse stock split plan, shares drop

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Bed Bath & Beyond said on Friday it was seeking shareholder approval for a reverse stock split, sending the struggling retailer's shares 13% lower in extended trading.

A customer walks into a Bed Bath & Beyond store in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily Elconinsaid on Friday it was seeking shareholder approval for a reverse stock split, sending the struggling retailer's shares 13% lower in extended trading.

The company plans to hold a special meeting on March 27 to determine the split at a ratio in the range of 1-for-5 to 1-for-10, with the final ratio to be decided by the board.

 

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fajny sklep tylko jak wbiłem na kacu i udziałem kilku godzinna nap to mnie wyprosili, zupełnie bez sensu bo mi sen przerwali a buty zdjąłem i stały obok a mi test materaca przerwali w fazie może REM

BB&B is the Rasputin of companies. They’ve been at death’s door for at least a decade.

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