(RTTNews) - Discount home goods retailer Big Lots, Inc. announced that it has entered into an agreement to be acquired by an affiliate of Nexus Capital Management LP. To facilitate the deal, the company, together with its units, initiated Chapter 11 Bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware.

Big Lots Inc. said early Monday it has agreed to be acquired by Nexus Capital Management LP. and has entered voluntary Chapter 11 bankruptcy proceedings