The home goods chain, which also owns Buy Buy Baby stores, received a $21.5 million offer from online retailer Overstock.com for some of its assets, including its intellectual property, according to court papers filed Tuesday.
The offer doesn't include Bed Bath & Beyond or Buy Buy Baby's store locations, which are running going-out-of-business sales.
In recent weeks discussions have centered around the assets for Buy Buy Baby, often considered the crown jewel of the Bed Bath & Beyond portfolio.
The Buy Buy Baby assets in particular had attracted interested bidders.
Bed Bath & Beyond had sought chapter 11 protection in April, following months of numerous failed turnaround efforts and bankruptcy warnings.
Persons:
Harmon
Organizations:
CNBC, Bed, Beyond
Locations:
Farmingdale , New York