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BRIEF-Alden Global Capital delivers letter to Pier 1 Imports
October 14, 2016 / 1:48 PM / a year ago

BRIEF-Alden Global Capital delivers letter to Pier 1 Imports

Oct 14 (Reuters) - Alden Global Capital LLC:

* Alden delivers letter to the Chairman and board of directors of Pier 1 Imports

* Shareholder of Pier 1 Imports Inc with ownership of approximately 9.5% of Pier 1’s outstanding shares

* Request that board immediately appoint Heath Freeman, representative of Alden, as company’s director to assist with CEO search

* Request that Pier 1 board immediately appoint additional independent directors recommended by Alden

* If board does not to “engage with us”, may consent solicitation seeking removal and replacement of current board members

* Says it is imperative that Pier 1’s “board be reconstituted immediately” Source text for Eikon: Further company coverage:

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