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 represented Legion Partners, Macellum Advisors and Ancora Advisors in connection with its activist campaign at Bed Bath and Beyond.