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July 20 is when the Bed Bath and Beyond stock will be delisted


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    After a valiant attempt by Bed Bath & Beyond to emerge from Chapter 11 bankruptcy, the final steps to unwind the Union-based company’s business are underway.

    According to a July 10 filing with the U.S. Securities & Exchange (SEC), the once-iconic home goods retailer expects to be delisted from the Nasdaq Stock Market at the opening of the July 20 trading session.

    Once Nasdaq notified Bed Bath & Beyond on April 24 – a day after the retailer filed for bankruptcy – of a potential delisting, the company opted not to pursue an appeal and the stock was suspended from trading nine days later, the filing said.

    Over the past week, Bed Bath & Beyond has ceased efforts to find a buyer for Buybuy Baby’s brick-and-mortar stores and will instead seek court approval of a more limited sale of the baby goods retailer’s IP assets to Piscataway-based Dream On Me Inc. for $15.5 million. 

    Meanwhile, e-commerce site Overstock.com purchase the home good store’s intellectual property and digital platforms for $21.5 million, while Bed Bath & Beyond’s 250 namesake stores and 120 Buybuy Baby locations are in the process of being auctioned.

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