Big Lots no longer anticipates closing previously announced sale to Nexus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2024
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Should l Buy ?
Big Lots' Asset Purchase Agreement: Big Lots announced it will not complete its asset purchase agreement with Nexus Capital Management and is instead pursuing an alternative transaction, aiming for a sale by early January.
Going Out of Business Sales: The company plans to initiate going out of business sales at all remaining store locations to protect its estate's value, while still hoping to finalize a going concern transaction.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
