National retailer Big Lots says it will begin holding going-out-of-business sales at its remaining stores because it still has not found a buyer to boost it from bankruptcy.released Thursday, however, it said it is holding the going-out-of-business sales to protect the value of the company. It previously was in talks with Nexus Capital Management to purchase it, but that deal has fallen through, the retailer said.
A going concern deal is when a corporation up for sale is able to show that it still has enough resources to continue operating indefinitely, and does not need to be liquidated.
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