2023-06-13 11:38:04 ET
Bankrupt retailer Bed Bath & Beyond ( OTCPK:BBBYQ ) has selected Overstock.com ( NASDAQ: OSTK ) as its stalking horse bidder, according to court filings released on Tuesday.
The filings reveal Overstock as a Stalking Horse Bidder for the company's IP and business data, save for some excluded assets, at a proposed purchase price of $21.5M. The deadline for any party in interest to object to the bid is June 20.
Shares of Overstock ( OSTK ) rose 2.5% during Tuesday’s trading.
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For further details see:
Overstock bids $21.5M for Bed Bath & Beyond assets