Here's where a possible sale of Bed Bath & Beyond and Buy Buy Baby stands

The auction process for Bed Bath & Beyond and its assets was extended erstwhile again arsenic discussions advancement with imaginable bidders, namely for its Buy Buy Baby concatenation of stores.

In tribunal papers filed Thursday, Bed Bath & Beyond said it would hold its merchantability timeline by a fewer days "to guarantee the astir worth maximizing transaction is achieved."

The hold comes arsenic the institution has held discussions with imaginable bidders for Buy Buy Baby, which has attracted the astir involvement earlier and during the bankruptcy process truthful far. The concatenation of namesake Bed Bath & Beyond stores is inactive expected to beryllium dissolved aft the bankruptcy.

The assets of the babe cogwheel retailer Buy Buy Baby had earlier attracted involvement from astatine slightest 2 bidders, including Babylist, CNBC antecedently reported. The involvement peculiarly centers connected the chain's intelligence property.

There person besides been discussions to merchantability the retailer to the private-equity steadfast down the children's apparel marque Janie and Jack, The Wall Street Journal reported this week.

Buy Buy Baby has been considered the crown jewel of the assets, reportedly attracting involvement successful 2022 and successful the months ahead of the bankruptcy filing.

While determination appears to beryllium nary involvement successful Bed Bath & Beyond and its stores, imaginable bidders whitethorn privation its integer assets, CNBC earlier reported.

The valuation of these assets remains unclear.

Bed Bath & Beyond sought bankruptcy protection successful April aft months of failed turnaround efforts and warnings it could find itself successful court.

Stalking equine bids — the level bid for an auction — are present owed June 11 astatine 5 p.m. ET. The last bid deadline is present June 16 astatine 12 p.m. ET. If needed, an auction volition instrumentality spot connected June 21.

The institution said successful tribunal papers it believes "these constricted extensions are due and indispensable to support these cases progressing efficiently, portion not precluding capable valuation of caller indications of interest."