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Analysts: Activist investor's attack on Ethan Allen may be...

2015-09-24 00:47:03| Furniture - Topix.net

Sandell Asset Management, the New York City hedge fund trying to replace furniture maker Ethan Allen's board, has valid points about the Danbury-based company's failure to provide value to shareholders, according to analysts who closely follow the stock. Sandell Assset Management on Tuesday disputed Ethan Allen CEO Farooq Kathwari 's comments made last week to The News-Times that the stock , which reached a 12-month high of about $32 in January, would in the new two years surpass the $41 Sandell believes the company is worth.

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