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News Breaks | | | | September 17, 2012 | | 08:35 EDT |  | WTSLA | Clinton Group sends letter to Wet Seal shareholders Clinton Group, owner of 7.0% of Wet Seal's outstanding shares, disclosed that it sent a letter to stockholders of the company reiterating Wet Seal's "poor financial performance and seeking the stockholders' support in Clinton's consent solicitation to replace the Board." Clinton said it emphasized the importance of the selection of the company's new CEO and stated that the Clinton mominees would be better suited to make this selection than the current board. | |
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