Columbus-based fashion retailer Express is no longer trying to fend off a potential buyer of the company.
In a little-noticed filing with the Securities and Exchange Commission, Express announced that
its board of directors had voted to terminate the company’s stockholder-rights plan, effective
earlier this week.
The stockholder-rights plan — commonly known as a "poison pill" — was adopted by Express in June
2014, the day after private-equity firm Sycamore Partners announced that it wanted to buy Express.
Such a plan makes it more difficult for an outside company to engineer a hostile takeover.. . . more