Hudson Bay Is Anchor Investor in Bed Bath & Beyond Share Sale
- Company lines up enough investors to complete equity offering
- Embattled retailer makes last-ditch attempt to avert collapse
This article is for subscribers only.
Hudson Bay Capital Management is the anchor investor of the share sale launched Tuesday by Bed Bath & Beyond to stave off bankruptcy, according to people with knowledge of the matter.
The embattled retailer lined up investors for an eleventh-hour cash infusion that would allow it to keep operating outside of Chapter 11 protection, Bloomberg previously reported.