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Ethan Allen execs fight back

2015-09-28 19:57:44| Furniture - Topix.net

Ethan Allen executives took issue Friday with recent comments by an activist investor waging a proxy war against the furniture maker who called into question recent actions by the company's chief executive officer. Ethan Allen said Friday that Sandell Asset Management has mischaracterized a stock transaction that Kathwari made in March.

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Ethan Allen: Activist Won't Give Up

2015-09-25 11:11:17| Furniture - Topix.net

Hedge fund activist investor Sandell Asset Management recently launched a proxy battle Ethan Allen Interiors , with the thesis being he can unlock over $13 a share in value - roughly 46% upside. This'll come either via a sale of the company or spinoff of its real estate business.

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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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Ethan Allen's Kathwari - just getting started'

2015-09-20 08:00:14| Furniture - Topix.net

When Farooq Kathwari , the chief executive officer of Ethan Allen, purchased an apple farm in New York state more than 30 years ago, the farmer gave him some advice he keeps with him to this day. "He said apple trees need to be trimmed each year, but if you trim too much, you'll kill it," he said.

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