This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/bed-bath-stock-reverse-split-2af318c9

Bed Bath Wants a Reverse Stock Split. That’s Good and Bad.

By
Teresa Rivas
  • Order Reprints
  • Print Article

Bed Bath & Beyond stock tumbled to fresh lows on Thursday as the embattled retailer sought shareholder approval for a reverse stock split, its latest in a series of moves aimed at staving off bankruptcy.

According to its proxy filing with the Securities and Exchange Commission late Wednesday, Bed Bath & Beyond (ticker: BBBY) is asking shareholders to sign off on the reverse stock split, at a yet-to-be-determined ratio from 1-for-10 to 1-for-20, at its special May 9 meeting.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.