Bed Bath & Beyond Inc. has cancelled the auction for its Buy Buy Baby retail chain because bidders had backed out, according to a report late Friday. CNBC...
Bed Bath & Beyond Inc. BBBYQ has cancelled the auction for its Buy Buy Baby retail chain because bidders had backed out, according to a report late Friday. CNBC reported bidders backed out after they had determined that the chain’s assets had depreciated too much, citing unnamed sources close to the matter. Even after Bed Bath & Beyond filed for chapter 11 bankruptcy protection and its stock was delisted from the Nasdaq, investors have still traded in the “worthless” stock.
... Bed Bath & Beyond Inc. BBBYQ has cancelled the auction for its Buy Buy Baby retail chain because bidders had backed out, according to a report late Friday. CNBC reported bidders backed out after they had determined that the chain’s assets had depreciated too much, citing unnamed sources close to the matter. Even after Bed Bath & Beyond filed for chapter 11 bankruptcy protection and its stock was delisted from the Nasdaq, investors have still traded in the “worthless” stock.
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Bed Bath & Beyond ends auction for Buy Buy Baby storesBankrupt retailer Bed Bath & Beyond has ended its efforts to find a buyer for its entire Buy Buy Baby business, and it will instead seek U.S. court approval for a more limited sale of Buy Buy Baby's intellectual property assets.
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Sens. Warren, Booker grill failed retailer Bed Bath & Beyond over allegedly denying severanceThe retailer filed for bankruptcy in April and began closing stores and laying off workers.
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Bed Bath & Beyond ends auction for Buybuy Baby stores over low bidsThe bankrupt retailer pursued a similar strategy for its own intellectual property — selling its name, customer data, and online assets to Overstock.com for $21.5M.
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Bed Bath & Beyond Ends Effort to Save Buybuy Baby ChainBed Bath & Beyond canceled an auction for its Buybuy Baby retail chain, abandoning a last-ditch effort to find a buyer that would continue to operate at least some of the stores
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BuyBuy Baby stores going dark after bankruptcy auction faltersBed Bath & Beyond failed to find a buyer for the whole business in bankruptcy.
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Buy Buy Baby auction is canceled, but buyers are still interested in making a bidBed Bath & Beyond canceled an auction for its Buy Buy Baby business, but the chain could still end up being saved.
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