-
Posted by
Two Blokes May 20, 2025 -
Filed in
Stock
-
3 views
Victoria's Secret & Co. (NYSE:VSCO) has adopted a limited-duration shareholder rights plan, commonly referred to as a “poison pill,” to prevent a potential hostile takeover attempt by Australian billionaire Brett Blundy's investment firm BBRC. BBRC has steadily increased its stake in Victoria's Secret to about 13% of its outstanding shares, including acquiring shares in violation of US antitrust laws by failing to file the required forms for three years.
