By  on October 27, 2008

The dissident shareholder saga at Dillard’s Inc. has progressed from an attempted buyout of the Dillard family stock to an attempted take-out of chief executive officer William Dillard 2nd.

Barington Capital Group and Clinton Group, activist investors who collectively control about 5.3 percent of the firm’s common stock, called on three of the firm’s independent directors to begin looking for a new chief executive officer for the retailer.

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