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Bed Bath & Beyond Begins Talks on Bankruptcy Loan, Takeover
- Talks include exploration of potential takeover bids
- Home goods retailer saw losses widen during latest quarter
A Bed Bath & Beyond store in Westbury, New York.
Photographer: Johnny Milano/BloombergThis article is for subscribers only.
Bed Bath & Beyond Inc. is speaking with potential lenders that would finance the company during bankruptcy proceedings, according to people with knowledge of the matter.
The talks include the potential for a so-called stalking horse bid, in which the party would also offer to buy some or all of the company’s assets in bankruptcy and set the low-end of the bidding bar so that others can’t offer less, said the people, who asked not to be identified discussing private negotiations. Talks are in the early stages and terms could change, the people said.