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viewBuild-A-Bear Workshop, Inc

Build-A-Bear goes to work on a strategic review

Build-A-Bear Workshop shares jump by 8% after speculation that it may seek a buyer when it announced an intention to pursue strategic options

Build-A-Bear goes to work on a strategic review
Does the company want to get cosy with another?

Build-A-Bear Workshop (NYSE:BBW) shares jumped by 8% on Tuesday after speculation that it may seek a buyer when it announced an intention to pursue strategic options.

The strategic review, which will be headed by retained Guggenheim Securities LLC, was a tonic for investors who were greeted the same day by lacklustre first quarter earnings.

Build-A-Bear posted 22 cents a share in earnings during the first quarter, well short of the 38 cents analysts had predicted.

The company is an American retailer headquartered in Overland, Missouri, that sells teddy bears and other stuffed animals.

Build-A-Bear Workshop shares were up 8.3% at $13.71.

Quick facts: Build-A-Bear Workshop, Inc

Price: 2.76 USD

NYSE:BBW
Market: NYSE
Market Cap: $43.03 m
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