March 15, 2017 / 11:39 AM / 4 months ago

BRIEF-Macellum comments on settlement discussions with Citi Trends

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March 15 (Reuters) - Macellum Capital Management:

* Macellum Capital Management says comments on settlement discussions with Citi Trends

* Macellum Capital - "Citi Trends board refused to commit to appointment of any new directors to board, including Macellum's nominees"

* Macellum Capital Management - Citi Trends "demanded that Macellum agree to a non-market, two year standstill"

* Macellum Capital - "Macellum was willing to agree to a two year standstill if board would commit to achievement of meaningful performance targets" Source text for Eikon: Further company coverage:

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