Brief: Bed Bath & Beyond Inc - Bankruptcy Court Entered An Order Authorizing Co Parties' Entry Into An Asset Purchase Deal Dated As Of June 30

Bed Bath & Beyond

12/07/2023 22:30

July 12 (Reuters) - Bed Bath & Beyond Inc  BBBYQ.PK :
    * BED BATH & BEYOND INC - ON JULY 11, BANKRUPTCY COURT
ENTERED AN
ORDER AUTHORIZING CO PARTIES' ENTRY INTO AN ASSET PURCHASE DEAL
DATED AS OF JUNE 30
    * BED BATH & BEYOND INC: MARK SROUR-SERURE, DREAM ON ME
INDUSTRIES, INC., DREAM 545 WESTON CANAL ROAD SUBMITTED A BID
FOR "BUYBUY BABY" BUSINESS
    * BED BATH & BEYOND INC - NO QUALIFIED OR VIABLE
GOING-CONCERN
BIDS WERE SUBMITTED AHEAD OF THE DEADLINE
    * BED BATH & BEYOND- AS A RESULT, ON JULY 7, GOING-CONCERN
AUCTION
FOR “BUYBUY BABY” WAS CANCELLED AND PURCHASER WAS DECLARED THE
WINNING BIDDER
    * BED BATH & BEYOND - PURSUANT TO DEAL, THE COMPANY PARTIES
WILL
SELL “BUYBUY BABY” BRAND FOR ABOUT $15.5 MILLION AND ASSUMPTION
OF ASSUMED LIABILITIES

Further company coverage:  BBBYQ.PK