Big Lots Reaches Deal To Avoid Closure After Filing For Bankruptcy
The proposed transaction is subject to certain closing conditions and must be approved by a bankruptcy judge.
Big Lots will no longer be going out of business after initially filing for bankruptcy. The company filed Chapter 11 in September. The company has now agreed to a deal to save hundreds of stores after an early sale of the business fell apart. The new deal will save the chain from closing down entirely. Big Lots Inc. has now…