Bed Bath Beyond buys F9 Brands $150M

Bed Bath & Beyond shares jumped 6% after announcing a Letter of Intent to acquire F9 Brands for roughly $150 million.
Deal includes $37 million cash, about 16 million BBBY shares at $7 each, plus a $25 million earnout tied to $20 million EBITDA.
F9 Brands posted FY2025 net delivered sales of $522 million and holds roughly $130 million inventory, with $40 million lender financing rolled in.
Jason Delves, former F9 CEO, will lead the new Beyond Home Services unit, expanding into cabinets, flooring, closets and installations.