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International Business Times
International Business Times
Luke Funk

Bankrupt Big Lots Plans To Sell Company To Nexus Capital

Big Lots Nexus big Bruce Thorn
A sign is posted in front of a Big Lots store on June 07, 2024 in Hercules, California. (Credit: Photo by Justin Sullivan/Getty Images)

Bankrupt retailer Big Lots (NYSE: BIG) has reached an agreement to sell the company to an affiliate Nexus Capital Management.

The company says Nexus has agreed to acquire substantially all of the company's assets and ongoing business operations and will continue to operate during Chapter 11 bankruptcy proceedings.

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