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Stadium Capital's involvement could reflect positive investor engagement, similar to past interventions that have stabilized stock prices.
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Stadium Capital demands board shakeup for leadership changes in Sleep Number. Sleep Number shares surged 18.9% but fell 4.4% after hours. Stadium claims board lacks trust due to past value destruction. Sleep Number's market share has lagged behind Tempur Sealy's. CEO search process criticized for close ties to former CEO.
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