3 Issues To Watch In Barington And Chico's Proxy Battle
By Benjamin Horney (July 1, 2016, 7:04 PM EDT) -- A developing proxy battle between women's speciality apparel retailer Chico's FAS Inc. and activist investor Barington Capital Group LP has become heated as the two sides jockey for shareholder votes for their respective board nominees, and this particular proxy contest features a few unconventional issues.
With roughly three weeks remaining until Chico's July 21 shareholders' meeting, both sides are putting on a full court press to try to make clear why shareholders should vote for their respective board nominees. Chico's has pointed to analyst reports from the likes of Citi Research, FBR & Co. and Morgan Stanley, among others, that note...
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