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Bed Bath & Beyond Expands Into Home Services Market
Sector Update: Consumer Stocks Rise Wednesday Afternoon
Bed Bath & Beyond Shares Are Trading Higher. The Company Announced It Signed a Letter of Intent to Acquire the Equity Interests and Substantially All Assets of F9 Brands.
Bed Bath & Beyond plans to acquire F9 Brands for approximately US$150 million.
Gelonghui, April 8 | Bed Bath & Beyond announced that it has signed a letter of intent to acquire F9 Brands, which owns brands such as Lumber Liquidators, Cabinets To Go, Gracious Home/Thos. Baker, and Southwind Building Products. The nominal acquisition price of the deal is close to 150 million US dollars, including 37 million US dollars in cash and approximately 16 million shares of BBBY common stock, with each share valued at 7 US dollars.
Sector Update: Consumer Stocks Edge Higher Pre-Bell Wednesday
Express News | Bbby Shares up 9.2% Premarket as Trading Resumes After Halt; Co to Acquire Lumber Liquidators, Cabinets to Go, and Other F9 Brand Assets