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 shoppers across the country are confused and frustrated. A major issue has made it impossible to shop ...

The lingerie retailer adopted a poison pill after an Aussie billionaire amassed a 13% stake. Since being spun off in 2021, ...

Poison pills rarely get triggered. The simple fact of their existence can leave a bitter taste. By protecting entrenched management and boards from takeovers, they dull some of the pressure to perform ...

For investors, the action signals a defensive posture by VSCO's leadership to maintain strategic control and protect ...

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

Victoria’s Secret & Co. announced a shareholder rights plan after an investor began acquiring a substantial amount of stock in the lingerie retailer.

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.