Big Lots Sold for $760 Million; Files Chapter 11 Petition [Yahoo! Finance]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
The petition was filed in Delaware. As part of its bankruptcy process, Nexus Capital Management has agree to acquire substantially all of the closeout home retailer's assets and ongoing business operations for $760 million. The agreement sets Nexus in the pole position as the stalking-horse bidder, meaning it will acquire the company unless better offers come in during a court-approved bankruptcy auction that is currently slated for Oct. 18. The transaction is expected to close during the fourth quarter of 2025. More from Sourcing Journal Marine Brand Salt Life Has Been Sold Erik and Pete Nordstrom Offer $3.8 Billion to Purchase Namesake Retailer All Seven Core Eastern Mountain Sports Stores to Remain Open “We are excited to have the opportunity to partner with Big Lots and help return this iconic brand to its status as America's leading extreme value retailer,” Evan Glucoft, managing director of Nexus, said in a statement. “The Big Lots business has incredible potential an
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BIG
News
- BIG LOTS RECEIVES COURT APPROVAL FOR SALE TO NEXUSPR Newswire
- Buyer could acquire Big Lots in $760M deal; set to close 4 area stores [Yahoo! Finance]Yahoo! Finance
- Private Equity Investors Line Up Deals For Big Lots And LL Flooring [Forbes]Forbes
- ‘Tadpole water' is the latest TikTok wellness trend. Does it work? [Yahoo! Finance]Yahoo! Finance
- Big Lots Chapter 11 Could Mean Growth Opportunity For Ollie's Bargain Outlet, Analyst Says [Yahoo! Finance]Yahoo! Finance
BIG
Earnings
- 6/6/24 - Miss
BIG
Sec Filings
- 9/10/24 - Form 25-NSE
- BIG's page on the SEC website