Bed Bath & Beyond’s baby products chain attracts buyer interest – WSJ

An exterior view exhibits a Mattress Bathtub & Past retailer in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily Elconin

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April 22 (Reuters) – Mattress Bathtub & Past Inc (BBBY.O) is fielding curiosity from potential consumers for its Buybuy Child enterprise following activist stress to promote the unit, the Wall Road Journal reported on Friday, citing individuals conversant in the matter.

The suitors embrace non-public fairness agency Cerberus Capital Administration LP and Tailwind Acquisition Corp (TWND.N), a blank-check agency chaired by Casper Sleep Inc’s former chief govt Philip Krim, the report stated.

Mattress Bathtub & Past, Cerberus Capital and Tailwind Acquisition didn’t instantly reply to Reuters requests for remark.

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Shares of the corporate gained as a lot as 11% on the information earlier than closing up 7% at $17.46.

The house items retailer has been beneath stress from activist investor and GameStop (GME.N) Chairman Ryan Cohen to discover strategic alternate options.

As a part of a settlement with Cohen in March, Mattress Bathtub & Past appointed three new administrators to its board, two of them to the committee exploring choices for the newborn merchandise chain. learn extra

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Reporting by Deborah Sophia in Bengaluru; Enhancing by Aditya Soni

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