Bed Bath & Beyond
stock is tumbling to fresh lows on Thursday as the embattled retailer seeks shareholder approval for a reverse stock split, its latest in a series of moves aimed at staving off bankruptcy.
According to its proxy filing with the Securities and Exchange Commission late Wednesday, Bed Bath & Beyond (ticker: BBBY) is asking shareholders to sign off on the reverse stock split, at a yet-to-be-determined ratio from 1-for-10 to 1-for-20, at its special May 9 meeting.
Source: https://www.barrons.com/articles/bed-bath-stock-reverse-split-2af318c9?siteid=yhoof2&yptr=yahoo