Aeropostale Latest Retail Target Facing Pressure To Sell

Law360, New York (November 21, 2013, 12:05 PM EST) -- New York investment firm Crescendo Partners on Wednesday urged mall mainstay Aeropostale Inc. to put itself on the selling block, adding to a flurry of shareholder criticism and making it the latest retailer to wind up in the crosshairs of an activist fund.

The request for a sale — a prospect Crescendo said could bring in a hefty premium on current stock prices — comes as the teen-focused retailer struggles to fend off the impact of lagging consumer spending and other strains in the marketplace. Aeropostale...
To view the full article, register now.