Bed Bath & BeyondIt announced that Ryan Cohen, an activist investor in the company’s stock price, has agreed to a deal. This will result in shares rising more than 8 percent during premarket trading.

Three people from Cohen’s firm, RC Ventures were announced by the home goods retailer as joining Bed Bath’s board. According to the company, two of these people will become part of a strategy group that examines alternatives for Buybuy Baby and makes recommendations to the entire board.

Cohen, also known as Gamestop’s chairman, spoke earlier in the month. revealed a nearly 10% in the companyHe also stated his intention to press the retailer for major changes.

Formerly, Bed Bath was in the middle of an effort to turn around. TargetMark Tritton is executive who took the helm in 2019.

This is a developing story. Stay tuned for new updates.