[FxJerzy]

Stalking horse is the first bid that comes in during ch 11 bankruptcy, and that is on the 22nd. Anyone else who is interested in buying bbby has to submit a bid higher than that in the 28th. All bidders will then have an action on the 2nd, where the starting price is the highest bid they received on the 28th. https://restructuring.ra.kroll.com/bbby/

Important Information & Dates
Meeting of Creditors
The Meeting of Creditors (the "section 341 meeting") will be held telephonically on June 5, 2023 at 11:00 a.m. (ET):

Dial-In Number: 1-888-946-3502
Passcode: 1016092#

Please click here to view and download the Meeting of Creditors/Notice of Commencement document.

Sale
On April 25, 2023, the Bankruptcy Court entered an order approving the bidding procedures in connection with the sale of all or substantially all of the Debtors' assets.

- Stalking Horse Deadline: May 22, 2023, at 5:00 p.m. (prevailing Eastern Time)
- Bid Deadline: May 28, 2023, at 12:00 p.m. (prevailing Eastern Time)
- Auction (if applicable): An Auction may be held on June 2, 2023, at 10:00 a.m. (prevailing Eastern Time) via live auction
- Notice of Successful Bidder: As soon as reasonably practicable after the conclusion of the Auction (if necessary).
- Sale Objection Deadline: June 5, 2023, at 4:00 p.m. (prevailing Eastern Time)
- Sale Hearing: June 7, 2023, at 10:00 a.m. (prevailing Eastern Time), or as soon thereafter as the Court’s calendar permits

#bbby #gme