Bed Bath & Beyond Shares Surge; Activist Investors Want to Replace Company’s Entire Board

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In addition, the company said, “In these conversations, we made clear our commitment to engaging constructively and acting in the best interest of all Bed Bath & Beyond shareholders. We asked on several occasions for their suggestions and ideas for improving the Company’s business but they did not provide any.”

Beth Bath & Beyond went on to say that the Legion and Macellum “chose to publicly attack the company” and “to take over the full Board.

“Unfortunately, while our directors and management were seeking to engage in good faith, it appears that the Legion and Macellum representatives were merely seeking information to support their attack,” it said.

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