Bed Bath & Beyond Should Say So Long to Buybuy Baby

(Bloomberg Opinion) — Investors in Bed Bath & Beyond Inc. are betting that an activist intervention will add up to big gains. Shares in the retailer rose as much as 86%, the most ever, in early trading after Ryan Cohen, a co-founder of Chewy Inc. and the chairman of GameStop Corp., disclosed that he had taken a 9.8% stake. Cohen’s investment company RC Ventures also called for the retailer to spin out its baby division, Buybuy Baby,…


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