Three Activist Clients Launch Campaign to Replace Entire Board at Bed Bath & Beyond

The Wall Street Journal,  CNBC, Fortune and numerous media outlets reported that Olshan clients Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC launched a proxy fight to replace Bed Bath & Beyond’s entire 12-person board.  The three activist funds together control about 5% in Bed Bath & Beyond and want the retailer to replace CEO Steven Temares. Steve Wolosky and Elizabeth Gonzalez-Sussman represent Legion Partners, Macellum Advisors and Ancora Advisors in connection with its activist campaign at Bed Bath and Beyond.