: Bed Bath & Beyond calls for May 9 shareholder meeting to vote on reverse stock split proposal

Struggling home-goods retailer Bed Bath & Beyond Inc. BBBY on Wednesday called for a shareholder vote on a potential reverse stock split at a special meeting set for May 9. In a filing, the company said the vote would be on whether to allow an amendment to execute, at the board’s discretion, a stock split “at a ratio in the range of 1-for-10 to 1-for-20, with such ratio to be determined at the discretion of the Board.” Shares were up 1.9% after hours. The retailer last month had called for a meeting to approve a reverse stock split, at a ratio in the range of 1-for-5 to 1-for-10, and said the time and location would be determined later. The company did not immediately respond to a request for more information.

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