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What will be the outcome of the bankruptcy court's decision on Big Lots' deal by March 31, 2025?
3
Resolution / Starting Odds
Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Delayed decision • 25%
Official announcements from the bankruptcy court
Story
Big Lots Strikes Deal to Keep 200 to 400 Stores Open and Save Thousands of Jobs, Pending Bankruptcy Court Approval
Dec 28, 2024, 10:08 PM
Big Lots, the discount retailer that filed for bankruptcy protection in September, has reached a deal with Gordon Brothers Retail Partners to keep hundreds of its stores open. This agreement comes after the company previously announced plans for liquidation sales. The deal is expected to preserve the brand, save between 200 and 400 stores, and protect thousands of jobs. The sale transaction allows for the transfer of Big Lots' assets to other retailers, ensuring continuity for the business. The agreement is pending approval by a bankruptcy court, but it represents a critical step in preventing the complete closure of the chain.
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Similar markets
Yes • 50%
No • 50%
Acquisition by Nexus Capital Management • 25%
Acquisition by another party • 25%
Partial liquidation with store retention • 25%
Complete liquidation • 25%
Sold to another party • 25%
Sold to Nexus Capital Management • 25%
Other outcome • 25%
No sale, continue liquidation • 25%
Other outcome • 25%
Partial clearance with remaining inventory • 25%
Successful liquidation with full inventory clearance • 25%
Failed to clear significant inventory • 25%
Unclear outcome • 25%
Majority retained • 25%
Majority laid off • 25%
Equal retention and layoffs • 25%