Bed Bath & Beyond Inc. has agreed to form a committee that will look into a possible sale or spin off of its underperforming businesses as it settled a monthslong dispute with a group of activist investors, CNBC reported May 29, citing a person familiar with the situation.

According to the report, the businesses include Buy Buy Baby, Cost Plus World Market, PersonalizationMall and Christmas Tree Shops. The stores could reportedly fetch up to $1.36 billion in total, or $10 per share.

Bed Bath & Beyond released an announcement the same day disclosing the appointment of four new directors, in cooperation with activist investors Legion Partners Asset Management LLC, Macellum Advisors LP and Ancora Advisors LLC. The group collectively owns 5.23% of the company.

The independent directors added to the board are John Fleming, Sue Gove, Jeffrey Kirwan and Joshua Schechter.

In connection with the appointments, the home furnishing retailer said it has entered into a cooperation and support agreement with the investor group that includes a provision to create a business transformation and strategy review committee. However, the company did not disclose further details about the newly formed committee, other than it will be chaired by Andrea Weiss.

Bed Bath & Beyond did not immediately respond to a request for comment from S&P Global Market Intelligence.