Victoria’s Secret Adopts Poison Pill to Halt Hostile Takeover

Victoria’s Secret adopts poison pill to halt hostile takeover

The maneuver is in response to the “substantial accumulation” of shares by investment firm BBRC International, which just launched its own lingerie brand.

Victoria’s Secret rises after it adds a poison pill to fend off activist investor

The legacy lingerie brand wants to protect management (and its valuation) as its stock craters....

ThePatriotLight - Victoria’s Secret adopts ‘poison pill’ after Australian billionaire’s firm raises stake By Reuters – One America News Network

ThePatriotLight - May 20, 2025 – 7:25 AM PDT People pass a window display at a branch of Victoria’s Secret in New Bond Street in London, Britain, March 31, 2021. REUTERS/Toby Melville/File Photo (Reuters) – Victoria’s Secret (VSCO.N) adopted a shareholder rights plan on Tuesday, after Australian billionaire Brett Blundy’s investment firm increased its stake in the lingerie maker. The ‘poison pill’ plan, known as a limited-duration shareholder ri…

Victoria’s Secret moves to block activist investor from amassing controlling stake

Underwear company adopts so-called poison pill after Australian activist shareholder Blundy switches stock-holding classification to active from passive. Article Attribution | Read More at Article Source The post Victoria’s Secret moves to block activist investor from amassing controlling stake appeared first on RocketNews.

Victoria's Secret adopts 'poison pill' after Australian billionaire's firm raises stake

Victoria's Secret adopted a shareholder rights plan after Australian billionaire Brett Blundy's investment firm increased its stake in the lingerie maker.

Brett Blundy’s firm ‘violated US laws’ over Victoria’s Secret share buys

Brett Blundy’s BBRC was reported to violate US laws with its purchases of Victoria’s Secret shares in the past three years, resulting in the latter adopting the 'poison pill' plan as a response.