Bed Bath & Beyond share prices soared today after reportedly securing investor backing as it tries to raise more than $1billion to stave off bankruptcy.
The ailing home goods store announced it was also planning a public offering as a part of its plan to pay off its large debts that have threatened the company's future.
If it fails to raise enough money by selling off its stock, Bed Bath & Beyond said it would be forced to bankruptcy and liquidate its assets.
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