Bed Bath & Beyond Belief: ‘Bankrupt’ Retailer Announces Billion-Dollar Stock/Warrant Offering

After soaring 130% at its highs of the day, bankrupt-ish Bed Bath & Beyond (having already missed interest payments on its bonds) just pulled a Hertz, announcing its plan to offer series A convertible preferred stock and warrants, raising over $1 billion. Bed Bath & Beyond Inc. today announced a proposed underwritten public offering (the […] Source