(Bloomberg) — Bed Bath & Beyond Inc. shares rallied in premarket trading Monday after Ryan Cohen’s investment firm RC Ventures disclosed a 9.8% stake in the retailer and asked that it consider a sale of the whole company.
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The Union, New Jersey-based home goods retailer jumped as much as 55% in early trading after Cohen said Bed Bath & Beyond should consider selling itself to a well-capitalized buyer or sell its baby products business. In a letter sent to the company’s board Sunday, RC Ventures said its executives received “outsized” compensation relative to its performances.
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Bed Bath & Beyond said Monday it will carefully review a letter from RC Ventures pushing it to explore a sale, and hopes “to engage constructively” with the company.
Cohen, co-founder of Chewy Inc. and…
