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BBBY » Topics » Independent Committee to Consider Acquisition of Buy Buy Baby, Inc.

This excerpt taken from the BBBY DEF 14A filed Jun 8, 2007.

Independent Committee to Consider Acquisition of Buy Buy Baby, Inc.

On December 18, 2006, the Board of Directors appointed a special committee of three independent members of the Board of Directors, Mses. Morrison and Stoller and Mr. Heller, to consider the acquisition by the Company of Buy Buy Baby, Inc., which was owned by two sons of Mr. Feinstein, one of the Company’s Co-Chairmen.  The special committee retained Merrill Lynch & Co. to serve as its independent financial advisor and render a fairness opinion in connection with the transaction, and also retained independent legal counsel to oversee the acquisition negotiations.  The special committee approved the acquisition on March 21, 2007.  Messrs. Eisenberg and Feinstein recused themselves from deliberations relating to the transaction.

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