It'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.
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