Aeropostale Opts For Poison Pill Amid Investor's Sale Push

Law360, New York (November 26, 2013, 1:28 PM EST) -- Aeropostale Inc. on Tuesday adopted a poison pill plan to protect itself against unwanted buyout plays, a move that came less than a week after investment firm Crescendo Partners pressed the teen-focused retailer to put itself on the market.

The plan will kick in if an investor brings its stake in the New York-based retailer past 10 percent, flooding the marketplace with shares to make a hostile takeover prohibitively expensive. Crescendo, also based in New York, has called itself a “substantial shareholder” in the company but...
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