The massive investment firm filed SEC paperwork saying it has upped its position in the retailer, which is trying to turn itself around under new management.
BlackRock, the largest investment and asset manager in the world, looks like it is doubling down on its investment in Bed Bath & Beyond, filing paperwork that shows it now holds 11.8% of the outstanding shares of the troubled retailer.
In its filing with the Security & Exchange Commission, BlackRock does not indicate its intentions and the company could not be reached by deadline for comment. Bed Bath could not be reached for comment on the BlackRock news by deadline but did post the SEC 13G/A filing on its website.
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