Published on 20 Dec 2024 on Benzinga
...Share Capture Opportunity' - Big Lots (OTC:BIGGQ), Ollie's Bargain Outlet...
Furnishing and retailer Big Lots Inc.’s BIGGQ Chapter 11 bankruptcy filing in September and impending store closures could benefit a close competitor, a Wall Street analyst says.
What Happened: On Sept. 9, Big Lots filed for Chapter 11 and announced a subsequent sale of its assets to Nexus Capital Management LP. The company’s stock was subsequently delisted from the New York Stock Exchange.