Hudson Bay Capital is unrelated to Canadian department store chain Hudson's Bay Co.
Bed Bath & Beyond declined to comment earlier Tuesday on Hudson Bay Capital leading investment in the share sale.
A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022.
REUTERS/Andrew KellyPrices on Bed Bath & Beyond bonds due in 2024 climbed to 24 cents on the dollar from around 5 cents, a level still indicating financial distress.
Bed Bath shares rose 2.7% in extended trading, after closing down 49% on Tuesday.
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