Bed Bath & Beyond Files for Bankruptcy Within Days to Avoid Liquidation

Bed Bath & Beyond is facing imminent bankruptcy and has set a deadline of April 26 to raise $300 million to avoid it.
The company is talking with advisers and lenders ahead of a bankruptcy filing that could come in the next few weeks.
Bed Bath & Beyond has seen demand slump in recent years as its merchandising strategy to sell more store-branded products flopped.
The company is preparing to file for bankruptcy within days and has set April 26 as the deadline to raise $300 million to avoid it.
As April 10, the company had raised $48.5 million and had 178 million shares left to sell to reach their goal.