On June 12, Overstock.com Inc Entered Into An Asset Purchase Agreement With Bed Bath & Beyond To Acquire Certain Assets; Agreed To Acquire Certain Assets Of Bed Bath & Beyond For Total Purchase Price Of $21.5M
Portfolio Pulse from Benzinga Newsdesk
Overstock.com has entered into an asset purchase agreement with Bed Bath & Beyond to acquire certain assets for a total purchase price of $21.5 million.
June 13, 2023 | 4:00 pm
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POSITIVE IMPACT
Bed Bath & Beyond sells certain assets to Overstock.com for $21.5M, potentially improving its financial position.
Bed Bath & Beyond's sale of certain assets to Overstock.com for $21.5M could improve its financial position by generating cash. This may have a positive short-term impact on Bed Bath & Beyond's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Overstock.com acquires assets from Bed Bath & Beyond for $21.5M, potentially expanding its product offerings.
Overstock.com's acquisition of Bed Bath & Beyond's assets for $21.5M could expand its product offerings and potentially increase its market share. This may have a positive short-term impact on Overstock's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100