Sycamore, Crescendo-backed Aeropostale adopts poison pill

Struggling teen clothing retailer Aeropostale Inc, which has shareholders including private equity firms Crescendo Partners and Sycamore Partners Management, has adopted a poison pill that would be triggered if a stockholder buys 10 percent of the company, sister news service Reuters reported.

The move comes a week after Crescendo urged Aeropostale to sell itself, joining a list of investors expressing frustration about the fading fortunes of the retailer that has lost money for three straight quarters. Aeropostale, which has warned of another ...

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