Pacific Sunwear rejects Adrenalina proposal

ANAHEIM, Calif. Pacific Sunwear of California announced that its board of directors has decided to reject Adrenalina's revised proposal to purchase all of the issued and outstanding shares of common stock of Pacific Sunwear.

The company's management, with the full support of the board, is committed to executing on their strategic plan to create long-term shareholder value.

Adrenalina, a retail-entertainment company currently operates three stores in Florida.