Thursday, September 29, 2016

Pier 1 Imports' new shareholder called its poison pill 'nonsensical'

Image result for pier qIt's an official feud now.  Pier 1 Imports' new shareholder called the retailer's poison pill "a nonsensical scare tactic being used by the board to make us appear to be a threat."

Alden Global Capital, the largest active shareholder of Pier 1, was responding to the Fort Worth-based company's board decision on Tuesday to adopt a shareholder plan to make it harder for anyone to complete a hostile takeover.

Separately, Pier 1 said it swung to a loss in the second quarter and its board has decided it needed to pay three top executives retention bonuses. . . . more

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