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Stock impact report

Popular retailer announces $150M acquisition of Lumber Liquidators, Cabinets to Go [Yahoo! Finance]

Bed Bath & Beyond, Inc. (BBBY) 
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: bedbathandbeyond.com
Company Research Source: Yahoo! Finance
On Thursday, Bed Bath & Beyond confirmed it has signed a letter of intent to acquire "the equity interests and substantially all assets” of F9. Bed Bath & Beyond is offering $37 million in cash and roughly 16 million shares of the company's stock priced at $7 a share. The deal is expected to close in May, following the company's annual shareholder meeting. The F9 acquisition follows Bed Bath & Beyond's recent announcement that it's acquiring The Container Store in a separate $150 million deal. As part of that deal, Bed Bath & Beyond also acquires Elfa and Closet Works. The moves are part of Bed Bath & Beyond's ongoing plan to expand its offerings in multiple sectors of home retail. “With the anticipated addition of Lumber Liquidators and Cabinets To Go to Elfa and Closet Works, Beyond Home Services is established with the brands, the capabilities, and the team to serve the homeowner from concept to completion,” Marcus Lemonis, executive chairman and CEO of Bed Bath & Beyond, sa Show less Read more
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