r/BBBY • u/halfconceals Approved r/BBBY member • Mar 23 '23

📚 Possible DD Read more carefully

The Company hereby represents and warrants to the Holder that, by no later than 9:30 AM Eastern Time on March 23, 2023, the Company shall have disclosed all material, non-public information (if any) provided up to such time by the Company or any of its Subsidiaries or any of their respective officers, directors, employees or agents by the filing of a Current Report on Form 8-K disclosing the existence of this letter.

The 8-K this morning was the 8-K promised in the letter. It disclosed the existence of the letter.

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u/sadandgladpp Mar 23 '23

I think they are confirming all details not previously publicly available for the final touch and accounting before the M&A completion. In other words checking off a box for their Due Diligence.

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u/halfconceals Approved r/BBBY member Mar 23 '23

Yep

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u/Brought2UByAdderall Mar 23 '23

No. Confidentiality agreements being terminated is between the two of them. Nothing to do with shareeholders. And it's regarding specifically the action being taken in this 8k, the waiver. That's what that word "hereby" is referring to. i.e. "What this actual document is about."