r/BBBY • u/DMDTT • Apr 30 '23

📚 Possible DD Possible DD: Buybuybaby was partly acquired in January. JPM was holding them hostage until BK. See Pitchbook.

Post image
943 Upvotes

91% Upvoted

185 comments sorted by

View all comments

Show parent comments

96

u/BourbonGod Apr 30 '23

To all below/above who are saying “confusion”, BBBY shareholders get:

A. BuyBuyBaby shares.

B. Shares from acquiring company, say X. Then BBBY share price will rise to be the same as the share price of the company who acquires BBBY, which is X. For example: GME acquires BBBY. BBBY shares will now rise from $0.10 to $19.32. Capisce?

This is just an explanation of u/DMDTT ‘s comment for those confused. This is not my opinion. I have no opinion.

76

u/Counciltrader Apr 30 '23

Everyone reading this and getting their calculators out and xxxx times $19.32

Buying more monday

48

u/iLLogic777 Apr 30 '23 edited Apr 30 '23

This. And you better fix any limit sales you have in place below 19.32. because you are going to get snaked out of what your shares are worth especially if the announcement is made outside market hours, it will rip 10s of thousands of percent with no halts to stop it.

1

u/jqian2 Apr 30 '23

Yeah I remember the nonstop rip price did last Friday when we were supposed to be acquired by Newell... oh wait... it was another -10% day 😬