BBBY: Filings: "Fundamental Transaction" at play $1B cash-for-control
Regarding the 8-K filings issued yesterday.
The company is considering a "Fundamental transaction" and they issued the shares with contingencies to help the prospective investor to ensure they could complete this issuance and be protected.
The company is clearly paving the way for a fundamental change of some form. For $BBBY to be set as its continued preservation and existence...except for a circumstance whereby it undergoes an M&A, spins off an asset, or carries out a structural change which results in it becoming two separate entities...
Conclusion: B. Riley is a middleman for a mystery "Investor". This person or entity is providing cash-for-control of $BBBY, and appears to be a non-financial services institution that is restricted from further selling on the shares of the company that it purchases. The filings also make multiple references to a "Fundamental Transaction" being in play, which it defines as a major change to the structure of $BBBY, such as an M&A or spin-off.
$BBBY
#BBBY
Bullish
