Bankruptcy judge approves Overstock’s bid to buy Bed Bath & Beyond assets

Overstock.com shares
OSTK,
+4.38%
rose Tuesday as a judge approved the company’s $21.5 million bid to buy the assets of bankrupt retail chain Bed Bath & Beyond Inc.

U.S. Bankruptcy Court Judge Vincent Papalia gave the sale the green light Tuesday afternoon at a hearing in New Jersey, and said he was “gratified” that the winning bidder would keep Bed Bath & Beyond’s brand alive.