Bed Bath & Beyond Inc.
said Tuesday it has received a Nasdaq delisting notice because it has filed for chapter 11 bankruptcy. The exchange notified the troubled home goods retailer that trading in its stock would cease at the opening of business on May 3. Bed Bath & Beyond was expecting the move as it is using a brief window to seek a buyer for some or all of its assets and then plans to liquidate and close its stores.
said Tuesday it has received a Nasdaq delisting notice because it has filed for chapter 11 bankruptcy. The exchange notified the troubled home goods retailer that trading in its stock would cease at the opening of business on May 3. Bed Bath & Beyond was expecting the move as it is using a brief window to seek a buyer for some or all of its assets and then plans to liquidate and close its stores.