Barington Capital works to maximize shareholder value at Dillard's
29 Jun '07
2 min read
Barington Capital Group L.P. sent a letter yesterday to William T. Dillard, II, the Chairman and Chief Executive Officer of Dillard's Inc, on behalf of a group of investors that owns over 3.2% of the outstanding common stock of the Company.
In the letter, which was written because Barington has been unable to reach Mr. Dillard by telephone, Barington requested to meet with Mr. Dillard and members of his management team to discuss measures which Barington believes will maximize shareholder value for the benefit of all of the Company's stockholders.
Barington Capital Group, L.P. is an investment firm that, through its affiliates, primarily invests in undervalued, small and mid-capitalization companies.
Barington and its principals are experienced value-added investors who have taken active roles in assisting companies in creating or improving shareholder value.
Barington represents a group of investors that owns more than 2,600,000 shares of Class A Common Stock of Dillard's Inc constituting over 3.2% of the outstanding shares of the Company.
Barington Capital Group, L.P. represents a group of investors that owns over 3.2% of the outstanding common stock of Dillard's Inc. We have invested in Dillard's, whose shares we believe are undervalued, as we are convinced that we can assist the Company in dramatically improving shareholder value.
As we have not been able to reach you by telephone, we are writing to request to meet with you and members of your management team. We would like to discuss a number of measures that we believe will increase the Company's profitability to levels achieved by its peers and better utilize the Company's substantial asset base.
marketing@alchempro.com
