/biz/ - Business & Finance

>>51120679
>>51120672
>>51116663
I googled what happens to shorts when a company goes private.

Looks like this can actually result in a squeeze. Most notable company squeezing before being taken private was probably Volkswagen:
https://www.warriortrading.com/volkswagen-short-squeeze/

So in principle a squeeze is possible here. But when VW squeezed, about 200% of the float was shorted, rather than 100% like BBBY. Still, that's a lot. VW probably would have squeezed higher but VW's buyers decided to "be nice" and sell some shares cheap to avoid sending hedge funds out of business... Lol hard to imagine BBBY folks willingly doing that today.