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Ethan Allen activist Sandell attempts takeover

2015-09-15 19:47:04| Furniture - Topix.net

Ethan Allen Interiors Inc., the furnishing retailer being targeted by activist hedge fund Sandell Asset Management Corp., faces a proxy fight for six of its eight board seats at its upcoming annual meeting. Sandell, which owns about 5.5 percent of Ethan Allen, said Tuesday that it nominated six directors, including former ABC Carpet & Home President Ken Pilot and former Pennsylvania Real Estate Investment Trust President Edward Glickman, seeking control of the company's "stale and entrenched board."

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