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Dillard's Inc Unhappy Shareholder Seeks Talks.

Publication: M2 Presswire
Publication Date: 29-JUN-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 June 2007-FINANCIALS: Dillard's Inc Unhappy Shareholder Seeks Talks(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:29062007

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Dillard's Inc. shares soared almost 12 percent on Thursday 2007-06-28 after an activist hedge fund unhappy with the department store operator's performance demanded talks with management, saying the stock is undervalued.

Barington Capital Group LP said it represents investors owning more than 3.2 percent of Dillard's shares. It said it is seeking meetings with management to discuss merchandising, inventory management, cost controls and measures to "unlock" value in the company's real estate portfolio.

The New York-based firm said it requested talks after being unable to reach Chief Executive William Dillard by phone....

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