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BRIEF-Alden global reports 9.5 percent stake in Pier 1 Imports

Sept 19 Alden Global Capital Llc:

* Reports 9.5 pct stake in Pier 1 Imports as of Sept 9, 2016

* Alden Global says purchased shares of Pier 1 Imports based on the belief that the shares, when purchased were undervalued

* Engaged with Pier 1's board regarding Pier 1's recent performance, shareholder representation on board, ceo search process Source text - bit.ly/2cOmG0W Further company coverage:

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