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About buybuy BABY
buybuy BABY was founded by Richard and Jeffrey Feinstein, both of which had previously been used by Bed Bath & Beyond Inc. and is the son of Leonard Feinstein, one of Bed Bath & Beyond Inc. Co-Chair. They will stay with buybuy BABY and continue its operations. The acquisition has been approved by a special committee of independent members of the Board of Directors of Bed Bath & Beyond Inc. the special committee retained Merrill Lynch & Co. to serving as independent financial advisor and given her a fair opinion in connection with the transaction, Chadbourne & Parke LLP as well as to serve the independent legal counsel to oversee the negotiations buy back. The repayment of approximately $ 19 million above the result in the retirement of debt of all the debts of buybuy BABY, which debt was held by Richard and Jeffrey Feinstein (approximately $ 16 million) and Leonard Feinstein (approximately $ 3 million USD). Chairman of Bed Bath & Beyond Co Inc., Warren Eisenberg and Leonard Feinstein, rescue himself from the discussions relating to the transaction. The acquisition of buybuy BABY will have no effect on the fiscal results of Bed Bath & Beyond Inc. since the transactions occurred in fiscal The Company believes that the benefits of this acquisition will have no material effect on the overall results or financial condition Bed Bath & Beyond Inc. for fiscal year 2007. The company will host a conference call on Wednesday, April 11, pm (EDT), after the company released the financial results for the fourth quarter fiscal year and fiscal year ended The call may be accessed by A rebroadcast of the conference call may be accessed by dialing with a passcode id beginning (EDT) on Wednesday, April 11, 2007 through 06: 30 (EDT) Bed Bath & Beyond Inc. and subsidiaries (the "Company") is a chain of retail stores across the country, operating under the names of Bed Bath & Beyond, Christmas Tree Shops, Harmon and buybuy BABY. The company sells a variety of goods mainly includes domestic goods and home furnishings as well as food, gifts, articles and health and beauty care and infant and toddler merchandise. Shares of Bed Bath & Beyond Inc. are traded on NASDAQ under the symbol "BBBY" and are included in the NASDAQ-100 Index and Standard & index and the Global The company was included in the Fortune This press release may contain forward-looking statements. Many of these statements about the future can be identified by the use of words such as may, will, expect, anticipate, estimate, assume, continue, project, plan, and the similar words and phrases. Actual results of the Company and the financial situation in the future may differ from those expressed in any such report more progress as a result of many factors that may be beyond the control of the Company. These factors include, but are not limited to: changes in the retail environment and consumer preferences and spending habits; demographics and other macroeconomic factors that may affect the level of spending for goods sold by the Company; general economic conditions; unusual weather patterns; competition from existing competitors and potential; competition from other channels of distribution; pricing pressures; labor costs, and the cost of goods and other costs; the ability to find suitable locations at a cost acceptable to support leasing development program of the Company; and matters arising out of or related to the stock options of the Company funded and procedures and related matters, including the outcome of the formal investigation initiated by the SEC, the possibility that SEC may not agree with all the findings of the special committee and recommendations and may require additional or different remediation, any other procedures may be brought against the Company with the SEC or other government agencies, the issues arising from an investigation started by the US attorney for the District of New Jersey relating to stock options of the Company financing, any aspect of tariffs to choose from stock funding patterns of the Company, the outcome of the shareholder derivative action brought against certain officers and directors of the Company, and the ability to dispute information relating to financing as stock options and issues Related topic. The company does not perform any obligation to update the statements about his future.