PIER 1 IMPORTS, INC. (PIR) Files An 8-K Other Events
Item8.01 Other Events.
On November4, 2016, Pier 1 Imports, Inc. (the Company) sent a
letter to Alden Global Opportunities Master Fund, LP (Alden), a
Company shareholder, formally denying Aldens request, at this
time, for an exemption under the Companys Shareholder Rights
Protection Agreement that would permit Alden to acquire
beneficial ownership of up to 15% of the outstanding shares of
the Companys common stock (the Letter). In addition to setting
forth certain of the reasons the Companys Board of Directors (the
Board) elected to deny Aldens request, the Letter noted that the
Board would be willing to reconsider Aldens request, should it
choose to renew it, in 2017 after the holiday selling season has
come to a close. A copy of the Letter is attached hereto as
Exhibit 99.1 and is incorporated herein by reference. The
description of the Letter herein does not purport to be complete
and is qualified in its entirety by reference to Exhibit 99.1.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 |
Letter, dated November4, 2016, from Pier 1 Imports, Inc. to Alden Global Opportunities Master Fund, LP. |
About PIER 1 IMPORTS, INC. (PIR)
