BBBY to acquire The Container Store for ~$150M in common stock plus $54M in convertible notes

BED BATH & BEYOND, INC.

Total consideration: $150M of BBBY common stock (at $7.00/sh) and $54M of 5% convertible notes, subject to adjustments.
Conditions include TCS lender approval or foreclosure, receipt of $55M in new loans, and no restraining orders.
Support agreements signed with 80.5% of TCS equity holders and 90.8% of term loan creditors.
CFO Brian LaRose appointed effective April 28, 2026, succeeding Adrianne B. Lee; LaRose was TCS CFO since May 2025.
LaRose's employment terms: $700k salary, 125% target bonus, $2.5M sign-on equity (70% RSUs/30% PSUs) vesting over 4 years.

item 1.01 item 3.02 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BED BATH & BEYOND, INC. entered into Agreement and Plan of Merger with The Container Store Holdings, LLC (effective 2026-04-02).

Action: entry
Agreement: merger
Counterparty: The Container Store Holdings, LLC
Effective: 2026-04-02

Exact text from the filing

On April 2 , 2026 (the “ Effective Date ”), Bed Bath and Beyond, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Company, Falcon Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“ Merger Sub ”) and The Container Store Holdings, LLC, a Delaware limited liability company (“ TCS ”)

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BED BATH & BEYOND, INC. filing history →

Source: SEC EDGAR

accession 0001140361-26-012893

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