|Bid||10.12 x N/A|
|Ask||10.16 x N/A|
|Day's Range||9.88 - 9.88|
|52 Week Range||9.55 - 18.30|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.60 (5.91%)|
|1y Target Est||N/A|
"Sometimes, they reach an accommodation with management and it works. Other times they get involved in proxy fights ... and the trade falls apart," Jim Cramer says.
13Ds are filed with the Securities and Exchange Commission within 10 days of an entity’s attaining a greater than 5% position in any class of a company’s securities. Privet has now followed with a letter addressed to the board reaffirming that offer. Also in the letter, Privet “urged [Synalloy] not to take any action to change its current capitalization” before thoroughly reviewing the proposal.
Bed Bath & Beyond has finally reached a deal with the trio of activist investors looking to shake up the company’s board. But that doesn’t mean it’s time to buy the stock.
on Wednesday announced the appointment of four new board members as part of a truce with a group of activist investors who had been pushing to add their own selection of board members to the struggling company's board. The Union, N.J.-based company said it has approved adding four new independent directors to its board - John Fleming, Sue Gove, Jeffrey Kirwan and Joshua Schechter - bringing the total number of board directors to 13. A group of private investors including Legion Partners, Macellum Advisors and Ancora Advisors had been pressuring Bed Bath & Beyond to shake up its board with a slate of 10 recommended nominees as part of its push to force the company to cut costs and revamp its focus.
Bed Bath & Beyond Inc said on Wednesday a group of activist investors, which had pushed for sweeping changes at the home goods retailer, has withdrawn its slate of 10 board nominees after reaching an agreement with the company. The group, comprising Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC, have been piling pressure on the company since March, when it demanded a new CEO as well as an overhauled board. Earlier this month, long-time Chief Executive Officer Steven Temares stepped down.
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.
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labelled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin. Monday's decision by U.S. District Judge Vincent Briccetti in White Plains, New York, addressed claims that consumers nationwide overpaid for mislabelled cotton produced by an Indian textile company, Welspun India Ltd. Egyptian cotton often commands a premium price because of its prestige, and because its long fibres yield a finer, lighter, softer and more durable fabric.
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin. Monday's decision by U.S. District Judge Vincent Briccetti in White Plains, New York, addressed claims that consumers nationwide overpaid for mislabeled cotton produced by an Indian textile company, Welspun India Ltd. Egyptian cotton often commands a premium price because of its prestige, and because its long fibers yield a finer, lighter, softer and more durable fabric.
Steven Temares has stepped down as CEO of Bed Bath & Beyond after 16 years -- the last three of which have been quite dreadful.
Steven Temares Steps Down as Bed Bath & Beyond’s CEO(Continued from Prior Part)Valuation multipleStrong 2019 guidance from Bed Bath & Beyond’s (BBBY) management—and investors’ optimism about the company’s announcement that it
Steven Temares Steps Down as Bed Bath & Beyond’s CEOThe announcementToday, Bed Bath & Beyond (BBBY) announced that Mary Winston, who recently became a member of the board, was appointed as interim CEO with immediate effect after Steven
Boeing shares dropped more than 4.5% after the editor of Chinese newspaper Global Times said China could single out the aerospace giant as the U.S.-China trade war continues. Earlier in the day, China decided it would hike tariffs on $60 billion worth of U.S. imports starting June 1. ADT ADT — ADT dropped more than 6% after Morgan Stanley downgraded the stock to equal weight from overweight.
is down nearly 5% after climbing in premarket trading Monday after the company announced it appointed Mary Winston, who recently joined the home-goods retailer's board, as its new interim CEO. Winston will replace Steven Temares, who resigned as CEO after seven years at the helm of the company. "As the company continues its efforts to improve its financial performance and enhance its competitive position, the board determined that now is the right time to identify the next generation of leadership.
The company announced Monday that Steven Temares, who had held the top job since 2003, has departed that role. Mary Winston, a new board member who previously served as CFO of Family Dollar, has been appointed interim CEO. In addition to urging the ouster of Temares, the group that includes Legion Partners, Macellum Advisors and Ancora Advisors has put up candidates for its board and pushed for strategic shifts such as fresh merchandising strategies and selling some of its smaller brands.
Bed Bath & Beyond Inc's long-time Chief Executive Officer Steven Temares stepped down on Monday, following pressure from a group of activist investors that had been pushing for his ouster and a shakeup of the home goods retailer's board. The group, comprising Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC, piled pressure on the company since March, citing its inability to grow sales and margins. The retailer has struggled to keep pace with changing consumer tastes and shopping habits, reporting 1.1% growth in sales last year compared with over 22% in 2003, when Temares took over as CEO.
Current board member Mary Winston will serve as interim CEO until a replacement is found. The management shake-up comes as Bed Bath & Beyond faces mounting pressure from activist investors. Bed Bath & Beyond BBBY announced Monday that CEO Steven Temares is stepping down, "effectively immediately," as activist investors push for changes at the retailer.
A Bed Bath & Beyond board shake-up led to the dismissal of a number of members who had been leading the retail company for close to two decades. The board, now majority female, younger and more diverse, is what its activist investors were looking for. But they are worried the new board's lack of relevant skill sets and retail experience will cut short any attempt to turn around the struggling retailer.
Bed Bath & Beyond Inc operates a chain of retail stores. The dividend yield of Bed Bath & Beyond Inc stocks is 3.82%. Bed Bath & Beyond Inc had annual average EBITDA growth of 6.90% over the past ten years.