Bed Bath & Beyond Stock Jumps on Report Company Received a Bid for Buybuy Baby Unit

📆 22/04/2022 5:57 p. m.
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Bed Bath & Beyond‘s shares have jumped on news that the company is considering offers to buy its BuyBuy Baby business. The news was reported by The Wall Street Journal, which cited unnamed sources. According to the report, private equity firm Cerberus Capital Management and Tailwind Acquisition are among the companies interested in the baby apparel and supplies retailer. The…

, who owns a stake in the company through his firm RC Ventures.

As part of the deal, Bed Bath agreed to do a strategic review of BuyBuy Baby, one of the bright spots of the company's business. It also agreed to add three new directors to its board as part of the truce.Stay informed about local news and weather. Get the NBC 5 Chicago app for

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