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Victoria's Secret Deploys Poison Pill Defense Against Australian Investor's Growing Stake
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Victoria's Secret Deploys Poison Pill Defense Against Australian Investor's Growing Stake
Corporate Defense Strategy EmergesThe retail landscape continues to showcase the complex dynamics between corporate governance and activist investing, as Victoria’s Secret & Co demonstrates with its latest defensive maneuver. The lingerie retailer’s board has implemented a shareholder rights plan—commonly known as a poison pill—in response to mounting pressure from an Australian investment firm.Board Approves Limited-Duration Rights PlanVictoria…
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