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

App Store in the U.S., making a comeback after a nearly five-year ban. It was supposed to return to the App Store last week, ...

Brett Blundy’s BBRC was reported to violate US laws with its purchases of Victoria’s Secret shares in the past three years, ...

Columbus-based Victoria's Secret adopted a shareholder rights plan, after billionaire Brett Blundy's firm increased its stake ...

US stocks slipped on Tuesday (May 20) as the tech-driven rally lost momentum. The S&P 500 fell 0.39% to close at 5,940.46, ...

Shares of Victoria’s Secret & Co. (NYSE:VSCO) closed up 3.3% with an additional 0.5% gain after hours following the company’s announcement of adopting a "poison pill" strategy. The lingerie retailer’s ...

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...

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

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.

Victoria’s Secret & Co. (VSCO) is adopting a limited-duration shareholder rights plan to prevent Australian activist ...

Victoria's Secret said the move was prompted by Blundy's switch in February to 13D ownership filings from 13G filings. The former filing type signals that the investor plans to influence the path of ...