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Why Bed Bath & Beyond Stock Is Rising Today - Bed Bath & Beyond (NYSE:BBBY), The Brand House (NASDAQ:TBHC)
Bed Bath & Beyond expects to cut $20 million in annual costs by merging operations and closing over 40 underperforming stores under a new leadership structure.
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Why Bed Bath & Beyond Stock Is Rising Today - Bed Bath & Beyond (NYSE:BBBY), The Brand House (NASDAQ:TBHC)
Bed Bath & Beyond, Inc. (NYSE:BBBY) shares traded higher on Tuesday after the retailer unveiled new deal plans. Bed Bath & Beyond agreed to acquire The Brand House Collective, Inc. (NASDAQ:TBHC) in an all-stock transaction valuing the target at about $26.8 million, using Nov. 21 closing prices. The agreement gives Brand House investors 0.1993 Bed Bath & Beyond shares for each Brand House share. Also Read: Jim Cramer: This Tech Stock Is ‘Losing T…
·New York, United States
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Total News Sources4
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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