Bed Bath & Beyond Inc.’s long-time Chief Executive Officer Steven Temares came under pressure on March 26 after activist investors called for his ouster and the replacement of the entire board, sending the company’s shares up as much as 30 percent.
An investor group comprising Legion Partners Asset Management LLC, Macellum Advisors GP LLC, and Ancora Advisors LLC disclosed a combined stake of about 5 percent in the company and also said it was seeking a review of options, including a sale, for all of the home furnishing retailer’s non-core brands.
