© Reuters. FILE PHOTO: An exterior view shows a Bed Bath & Beyond store in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily Elconin
(Reuters) – Bed Bath & Beyond Inc (NASDAQ:) is fielding interest from potential buyers for its Buybuy Baby business following activist pressure to sell the unit, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The suitors include private equity firm Cerberus Capital Management LP and Tailwind Acquisition Corp, a blank-check company chaired by Casper Sleep (NYSE:) Inc’s former chief executive Philip Krim, the report said.
Bed Bath & Beyond did not immediately respond to a Reuters request for comment.