![]() The Company continues to review its non-core assets for opportunities to further simplify its portfolio. Bed Bath & Beyond is committed to a balanced capital return program over the mid-to-long term and will re-evaluate when appropriate. With respect to capital allocation strategies, in March 2020 the Company postponed its plans for share repurchase and suspended dividends and planned debt reductions in light of the COVID-19 pandemic. ![]() The cash proceeds from this transaction further strengthen the Company's liquidity and financial flexibility as it continues to build a balanced, durable financial model. Since announcing our intention to divest PMall back in February 2020, we have made significant progress in our efforts to optimize growth within Home, Baby, Beauty and Wellness, assembling a world class leadership team, restructuring our operations and introducing new services like Buy-Online-Pickup-In-Store and contactless Curbside Pickup." Mark Tritton, President & CEO, said, "The completion of this transaction is an important milestone in our plan to simplify our portfolio and rebuild authority in our core market.
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