Bed, Bath & Beyond Inc.

In Brief

Macellum’s campaign resulted in the addition of 4 of 13 directors.  Also, as a byproduct of the pressure applied during the campaign, the company sold non-core assets equal to approximately 75% of the market capitalization. Macellum’s price objective were met and we exited the position at the beginning of 2021.  Subsequently, a fractured board and new CEO were unable to oversee and execute the turnaround plan Macellum outlined during our campaign and results deteriorated.

Activist Materials

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