Victoria's Secret adopted a shareholder rights plan on Tuesday, after Australian billionaire Brett Blundy's investment firm ...

Get insights on Victoria's Secret & Co. Q1 results, BBRC's takeover attempt, and the board's defense strategy under a new CEO ...

Victoria's Secret & Co. (NYSE:VSCO) announced on Tuesday the immediate adoption of a limited-duration shareholder rights plan ...

Victoria's Secret said it has adopted a shareholder-rights plan, better known as a poison pill, to fend off a potential hostile bid as activist investor BBRC International maneuvers to buy up shares.

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

Underwear company adopts so-called poison pill after Australian activist shareholder Blundy switches stock-holding ...

The lingerie giant is trying to prevent a takeover on the open market that wouldn’t pay a “control premium” to other investors.

The plan, which is often called a poison pill, will issue one right for each share at the close of business on May 29 and be triggered if an investor acquires 15% of outstanding common stock. It ...

(Reuters) - 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. The 'poison pill ...

Victoria's Secret's poison pill comes at a time when the lingerie maker has been grappling with tepid demand, as consumers avoid expensive purchases amid rising tariff uncertainty and fears of an ...