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Bed Bath & Beyond Gets a Default Warning Letter from JPMorgan
Jakarta, CNNIndonesia —
Bed Bath & Beyond signal will bankrupt getting stronger. Because the company retail The United States (US) received a warning default from its creditor, JPMorgan Chase.
To quote CNN Business, Bed Bath & Beyond (BBBY) shares plunged more than 20 percent on news of the default. Currently, BBBY’s share price is around US$2.56 per share.
In its periodic reports to securities, the company states that it does not have enough money to pay off some debts.
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Management is considering taking strategic alternative steps such as debt restructuring. The company also cut operational…