It has been a tumultuous year for Bed Bath and Beyond (“Bed Bath”) as it continues to narrowly avoid bankruptcy. The turmoil began in early January with a “going concern” warning issued by the company, which then drove its lender, JPMorgan Chase, to issue a default notice and call for immediate repayment of Bed Bath’s […]
Last week, Bed Bath & Beyond announced in its quarterly earnings report that losses were far greater than expected and sales fell by a third compared to the same period last year. This announcement came on the heels of issuing a “going concern” opinion that the business may not be able to operate in the […]
Kroger announced on October 14th that the company has signed a definitive merger agreement to acquire all of Albertsons stock for an estimated consideration of $34.10 per share, implying an enterprise value of approximately $24.6 billion. This purchase price represents a premium of 29.7% to the 30-day average share price. Kroger is eager to join […]
SPAC IPOs and de-SPAC transactions reached record-breaking numbers in 2021, building off already-high levels of activity in 2020. According to SPACInsider, the number of SPAC IPOs increased from 248 in 2020 to 613 in 2021 and total SPAC IPO proceeds also increased from approximately $83 billion in 2020 to more than $160 billion in 2021. […]
Consumers are gravitating toward plant-based foods to preserve the environment, improve their health, and for the ethical treatment of animals. Plant-based diets in comparison to diets rich in animal products are more environmentally sustainable because they use fewer natural resources and result in lower greenhouse gas emissions. In addition, plant-based diets reduce the risk of […]