Bed Bath & Beyond Inc. asked Delaware’s Chancery Court late Wednesday to order 1-800-Flowers.com Inc. to close on a $252 million purchase of PersonalizationMall.com, accusing the flower and gift company of using the COVID-19 crisis to breach a firm March 30 deal deadline.
- In its 30-page complaint, which also named 800-Flowers Inc., Bed Bath & Beyond said a Feb. 14 equity purchase agreement among the companies required a closing regardless of most economic, social or geopolitical calamities unless the effects fell disproportionately on the buyer.
https://www.law360.com/delaware/articles/1259700/bed-bath-beyond-says-virus-can-t-stop-1-800-flowers-deal