Tuesday, March 26, 2019

Bed Bath & Beyond Stock Surges Most Since 2000 on Activist Plans

Bloomberg
Bed Bath & Beyond Inc. soared as much as 29 percent -- the most in 19 years -- on news that activist investors plan to challenge the home-goods retailer’s directors in a proxy fight.

Three activist funds are launching a campaign to replace the entire 12-person board amid concerns that the retailer is not responding well to the rise of e-commerce, according to people familiar with the matter.. . . more