Tom Sandell Loses At Ethan Allen
Tom Sandell lost today in its proxy battle with Ethan Allen (ETH).
Sandell was looking to get some board seats (six of the seven seats to be exact) and get rid of a dead-hand bylaw. The dead-hand bylaw was removed, which should make getting the company sold easier.
Sandell is accustomed to losing, he did it for so many years at Bob Evans (BOBE).