Bed Bath & Beyond announces plan to raise $1 billion, stock down 31%

Bed Bath & Beyond announces plan to raise $1 billion, stock down 31%

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Bed Bath & Beyond's (BBBY) stock is down 31% in pre-market on Tuesday morning. The embattled retailer plans to raise as much as $1.025 billion through an equity offering. BBBY had gained 92% on Monday ahead of the announcement released after the market closed, as a recent rally in the…

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