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Aeropostale adopts poison pill
New York – Aeropostale Inc. has adopted a poison pill that would be set into motion if a stockholder buys 10% of the company.
The struggling retailer said it was not adopting the plan, effective November 26, 2013, in response to any takeover proposal. Rather, the plan aims to provide stockholders with adequate time to fully assess a takeover bid, and, if appropriate, allow the board time to explore alternatives to maximize stockholder value, the company said.