'Bed Bath & Beyond Schedules Separate Auction For Buy Buy Baby Assets' - CNBC
Portfolio Pulse from Happy Mohamed
Bed Bath & Beyond plans to hold a separate auction for its Buy Buy Baby assets, as it moves forward with the auction of its Bed Bath & Beyond chain. Overstock.com has submitted a $21.5 million offer for Bed Bath & Beyond's intellectual property assets.
June 20, 2023 | 5:38 pm
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POSITIVE IMPACT
Overstock.com has submitted a $21.5 million offer for Bed Bath & Beyond's intellectual property assets.
Overstock.com's bid for Bed Bath & Beyond's intellectual property assets could potentially strengthen its position in the retail market, which may have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Bed Bath & Beyond is auctioning off its Buy Buy Baby assets separately, potentially maximizing the offer price and keeping stores open.
The separate auction for Buy Buy Baby assets could maximize the offer price and possibly keep stores open, which may have a neutral impact on Bed Bath & Beyond's stock price in the short term, as the company is already in bankruptcy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100