Bed Bath & Beyond settles with activists, considering selling Buy Buy Baby, other stores
Bed Bath & Beyond settled a months-long spat with a trio of activist investors on Wednesday, saying it will nominate four new members to its board. It also agreed to form a committee that will explore the potential sale or spin-off of underperforming businesses, a source familiar with the situation tells CNBC. The campaign by Legion Partners, Macellum Advisors and Ancora Advisors foreshadowed the resignation of former CEO Steven Temares.