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.