Comment on Pier 1 in a fight against 'coercive attempts to acquire control of the company'

Pier 1 in a fight against 'coercive attempts to acquire control of the company'

Pier 1 Imports (NYSE: PIR) announced Tuesday a shareholder rights protection program aimed to “discourage unfair or coercive attempts to acquire control of the company.” Under the program, for each outstanding share held, stockholders are being granted one “right” to purchase another share of Pier 1’s common stock. The special dividend is payable on Oct.

 

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