The trio of activist investors at Bed Bath & Beyond unveiled a case for why shareholders should elect their board nominees.
The trio of activist investors pushing for changes at Bed Bath & Beyond on Friday unveiled a detailed case for why shareholders should elect their slate of board nominees, portraying current leadership as inept and unable to keep up in an evolving consumer landscape.
The presentation represents the latest in a string of barbs between the activist triad and Bed Bath & Beyond, which has defended its business practices and announced an overhaul of its board earlier this week. The company's share are down more than 70% over the last five years, but rallied 1.4% in premarket trading Friday following the release of the activists' plan.
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