NEW YORK--(BUSINESS WIRE)--Sandell Asset Management Corp. (“Sandell”), the beneficial owner of approximately 1.6 million shares, or 5.5%, of Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE:ETH), today sent a letter to Farooq Kathwari, the Chairman and CEO of Ethan Allen. In the letter, Sandell notes its belief that the Company’s stock is trading at a significant discount to its intrinsic value, which Sandell believes is approximately $41 per share, or over 30% above where the