Sleep Number gains as activist Stadium Capital threatens new proxy fight

seekingalpha
2024-11-25

Ihor Bulyhin/iStock via Getty Images

Sleep Number (NASDAQ:SNBR) rose 11% as activist Stadium Capital threatened a new proxy fight at the mattress retailer.

Stadium Capital, which is Sleep Number's (SNBR) largest holder with an 11.7% stake, said it may be compelled to nominate several directors for election

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