Activists Investors Attack Bed Bath & Beyond

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Activist investors waging a fight at Bed Bath and Beyond.

Legion partners, Macellum and Ancora — are joining forces seeking to replace the company’s entire 12-person board.

The group says Bed Bath and Beyond has failed to adapt to online shopping and wants the CEO replaced.

The activist trio isn’t pushing for a sale of the entire company, but instead looking for it to sell underperforming assets.

The group together controls about a 5-percent stake in Bed Bath and Beyond.

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