Special Meeting of Shareholders
Cancelled
UNION,
N.J., April 25, 2023 /PRNewswire/ -- Bed Bath
& Beyond Inc. (Nasdaq: BBBY), today announced that it was
notified by the Listing Qualifications Department of The Nasdaq
Stock Market LLC ("Nasdaq") that Nasdaq had determined to delist
the Company's common stock as a result of the Company's
commencement of voluntary proceedings under Chapter 11 of the
United States Bankruptcy Code. Nasdaq informed the Company
that trading in the Company's common stock would be suspended at
the opening of business on May 3,
2023.
Additionally, the Company is also announcing the cancellation of
its previously announced Special Meeting of Shareholders that was
scheduled for May 9, 2023. The
Company is also withdrawing from consideration all proposals set
forth in the Company's Definitive Proxy Statement on Schedule 14A
filed with the Securities and Exchange Commission on April 5, 2023.
Bed Bath & Beyond Inc. and certain of its subsidiaries filed
for voluntary Chapter 11 protection on April
23, 2023.
About the Company
Bed Bath & Beyond Inc. and subsidiaries (the "Company") is
an omnichannel retailer that makes it easy for our customers to
feel at home. The Company sells a wide assortment of merchandise in
the Home, Baby, Beauty and Wellness markets. Additionally, the
Company is a partner in a joint venture which operates retail
stores in Mexico under the name
Bed Bath & Beyond.
The Company operates websites at bedbathandbeyond.com and
buybuybaby.com.
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SOURCE Bed Bath & Beyond Inc.
