Big Lots prepares for `going out of business` sales at all stores as deal falls apart

Big Lots is almost out of options now that its white knight has left the table.

The off-price retailer said it does not anticipate completing its previously announced sale to Nexus Capital Management, “though it continues to work toward completing an alternative going concern transaction with Nexus or another party” with a goal to complete a sale by early January. In September, Big Lots filed for bankruptcy protection as part of a deal to be acquired for about $760 million by private equity firm Nexus Capital.

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RSK: Looks like some big box spaces will become available, even if Big Lots find a suitor.