Overstock.com Wins Bed, Bath, and Beyond Bid, Jumps 22%: What Does it Mean for the Company?

By |2023-12-07T20:47:02+00:00June 23rd, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , |

According to a court filing yesterday, Overstock.com (OSTK) has won a bid to purchase the assets of failed home goods store Bed Bath & Beyond (BBBYQ). The latter declared Chapter 11 bankruptcy in April and is still set to close down its physical storefronts by July. Overstock.com spent $21.5 million to purchase the assets, [...]