Activist investor pair takes 10%-plus stake in Big Lots - WSJ [Seeking Alpha]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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Source: Seeking Alpha
Consumer Activist investor pair takes 10%-plus stake in Big Lots - WSJ Mar. 5, 2020 11:21 PM ET | Big Lots, Inc. (BIG) Carl Surran Activist investors Macellum Advisors and Ancora Advisors have taken a combined stake of more than 10% The two funds have privately nominated nine directors, including former Big Lots CEO Steven Fishman, according to the report; if all were elected, they would replace the entire Big Lots board. Macellum and Ancora are said to be disappointed with the company's lackluster returns, strategy and capital allocation, and believe Big Lots has missed out on the rising consumer demand for discount products. Click to subscribe to real-time analytics on BIG Now read: Barrett Business CEO Elich to retire, succeeded by Kramer »
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