Bed Bath & Beyond
failed to make interest payments on its bonds just weeks after the company warned it was considering filing for bankruptcy, yet the stock is surging higher.
The company was due to pay more than $28 million on three tranches of notes on Feb. 1, totaling about $1.2 billion, a company spokesperson confirmed over email. The Wall Street Journal reported the news on Wednesday.
Source: https://www.barrons.com/articles/bed-bath-beyond-stock-misses-interest-payments-51675351365?siteid=yhoof2&yptr=yahoo