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Investing.com — Bed Bath & Beyond Inc (NASDAQ:BBBY) stock popped 11% in late Friday trading after The Wall Street Journal reported that the company is seeing buying interest in its Buybuy Baby unit.
The company recently came under pressure from an activist investor to sell the unit, and the Journal report said it is fielding interest from potential buyers, citing people familiar with the matter.
The suitors are reportedly private equity firm Cerberus Capital Management and special purpose acquisition company Tailwind Acquisition.
The report said there is no guarantee the interest will result in a deal.
Bed Bath & Beyond stock closed Friday’s session up 6.85%, putting it up more than 23% in 2022.
