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Bankrupt retailer Bed Bath & Beyond (OTCPK:BBBYQ) has selected Overstock.com (NASDAQ:OSTK) as its stalking horse bidder, according to court filings released on Tuesday.
The filings reveal Overstock as a Stalking Horse Bidder for the company’s IP and business data, save for some excluded assets, at a proposed purchase price of $21.5M. The deadline for any party in interest to object to the bid is June 20.
Shares of Overstock (OSTK) rose 2.5% during Tuesday’s trading.
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