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A big investor says Sleep Number’s board can’t be trusted on this crucial matter – Vested Daily
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A big investor says Sleep Number’s board can’t be trusted on this crucial matter

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After a long slump for Sleep Number Corp.’s stock price and weaker demand for its smart mattresses, one big investor, Stadium Capital Management, went public with its frustrations with the company on Monday, calling for a shakeup of its board and changes to what it said was a “flawed” search process for a new CEO.

Shares of Sleep Number

SNBR jumped 18.9% during regular trading after the investment firm’s announcement this morning. After hours on Monday, they were down 4.4%.

This post was originally published on Market Watch

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