Bed Bath & Beyond Inc. said Monday it is seeking shareholder approval for a reverse stock split to continue raising necessary capital to fulfill business goals, and addressed an upcoming special shareholder meeting scheduled for May 9.

What Happened: The reverse stock split up for shareholder consideration would be at a ratio in the range of 1-for-10 to 1-for-20, with the ratio to be determined at the board's discretion, according to Bed Bath & Beyond. b