Bed Bath & Beyond announced that Glass Lewis & Co. recommends that Bed Bath & Beyond shareholders vote "FOR" all proposals detailed in the company’s recently filed definitive proxy statement. Namely, the company is seeking approval for a reverse stock split at its upcoming Special Meeting of Shareholders to be held on May 9, 2023 at 10:00 am EDT. Earlier this week, Institutional Shareholder Services also announced its support for the company’s proposals. In its report dated April 11, 2023, Glass Lewis noted: Agreement with the company’s Board of Directors’ that the reverse stock split could benefit the company and stock. The benefits of the reverse stock split outweigh potential drawbacks.
Published first on TheFly
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