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nexus capital seeks financing for big lots acquisition bid

Nexus Capital Management is securing approximately $750 million in financing to support its takeover bid for Big Lots Inc., which is currently in bankruptcy. During a court hearing in Delaware, Big Lots' attorney indicated confidence that Nexus will finalize its bid ahead of the upcoming deadline. The offer is structured as a stalking horse bid, allowing for potentially better offers to emerge.
Bloomberg.com
Big Lots, Inc. Nexus Capital Management LP USA Jonah Peppiatt
Finance & Economy, Transcript
23:49 21.10.2024
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