Activist Investors Eye Big Lots Value Opportunity

Macellum Advisors and Ancora Advisors, activist investors who are sponsoring a slate of nominees for the Big Lots board of directors, has issued an open letter for fellow shareholders describing what they see as means to increase the value of the company.

Big Lots Responds To Activist Investors’ Board Nominations

Big Lots has issued a statement in response to Macellum Capital Management and Ancora Advisors, who submitted a notice of nomination of nine director candidates to stand for election to the retailer’s board of directors at the company’s 2020 annual meeting of shareholders.

Bed, Bath & Beyond Responds To Activist Investor Group

Bed Bath & Beyond has released a statement in response to a press release issued by Legion Partners Asset Management, Macellum Advisors GP and Ancora Advisor following reports that the three investor groups are looking to replace the company’s board of directors and CEO.