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Wednesday, Aug 22
2012, 4:27 PM
The Clinton Group says it intends to solicit stockholders of The Wet Seal (WTSLA) for the...
The Clinton Group says it intends to solicit stockholders of The Wet Seal (WTSLA) for the removal and replacement of four members of the Board of Directors and to fill the one existing vacant position. They intend to replace them with independent professionals who will seek to maximize value by improving merchandizing and operations, optimizing its capital structure and pursuing a strategic transaction. Clinton Group, together with its affiliates, owns more than 5% of the outstanding stock. Shares -2.4% AH.