Barington Urges Chico's Stockholders To STOP, LOOK And LISTEN Before Any Actions

(RTTNews) - Barington Capital Group, L.P., which owns stake in Chico's FAS, Inc. (CHS), announced Tuesday that it has issued an open letter to the stockholders of the Company urging them to STOP, LOOK and LISTEN before taking any action in response to the Company's solicitation of proxies for its 2016 Annual Meeting of Stockholders.

Reminding that its a contested election, Barington also asked the stockholders to wait until they receive it's proxy materials and BLUE proxy card before voting.

Barington, together with its affiliates and the other participants in its solicitation, beneficially owns over 1.5% of the outstanding shares of common stock of Chico's FAS, a specialty retailer.

Barington said it has nominated two directors for election to the Board of Directors of Chico's at the Company's 2016 Annual Meeting, which is scheduled to be held on July 21, 2016.