Victoria's Secret & Co. (NYSE:VSCO) has adopted a limited-duration shareholder rights plan, commonly referred to as a “poison pill,” to prevent a potential hostile takeover attempt by Australian billionaire Brett Blundy's investment firm BBRC. BBRC has steadily increased its stake in Victoria's Secret to about 13% of its outstanding shares, including acquiring shares in violation of US antitrus...
Underwear company adopts so-called poison pill after Australian activist shareholder Blundy switches stock-holding classification to active from passive.
Victoria's Secret adopted a shareholder rights plan on Tuesday, after Australian billionaire Brett Blundy's investment firm increased its stake in the lingerie maker.
Board acted in response to substantial accumulation of stock by BBRC Protects long-term value for all shareholders REYNOLDSBURG, Ohio, May 20, 2025 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. (“VS&Co” or the “Company”) (NYSE: VSCO) today announced that its Board of Directors (the “Board”) has approved the adoption of a limited-duration shareholder rights plan (“Rights Plan”) to protect the best...
REYNOLDSBURG, Ohio, May 15, 2025 (GLOBE NEWSWIRE) -- In conjunction with the Victoria's Secret & Co. (NYSE: VSCO) first quarter 2025 earnings release, which will cross the wire before market open on Thursday, June 5th, you are invited to listen to a live webcast of the conference call on Thursday, June 5th at 8:30 a.m. ET with Victoria's Secret & Co. executives.
Market volatility has spiked since the beginning of April, due largely to uncertainty about inflation, interest rates, upcoming quarterly reports, and mostly the impact of tariffs and a global trade war on the U.S.
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