Bed Bath & Beyond announced that it plans to hold a special meeting of shareholders to seek approval to amend the company’s Amended and Restated Certificate of Incorporation to effect, at the discretion of the Board of Directors, a reverse stock split of the company’s common stock, par value $0.01 per share, at a ratio in the range of 1-for-5 to 1-for-10, with such ratio to be determined at the discretion of the Board. Holders of record of the Common Stock as of the close of business on March 27 will be entitled to notice of and to vote at the special meeting. The time, location, and other details regarding the special meeting, will be communicated to shareholders at a later date via proxy materials that have been filed with, and are subject to review by, the SEC.
Published first on TheFly
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