Monday, July 10, 2017

Abercrombie & Fitch Plunges After Takeover Negotiations Fail

Abercrombie & FitchAbercrombie & Fitch Co. terminated talks with potential acquirers, dashing hopes of investors who saw a takeover as the best way to rescue a retailer struggling to rekindle its appeal with shoppers.

The move send the shares down as much as 17 percent, to $10.11, in early trading. The announcement followed months of speculation that Abercrombie might be acquired by Express Inc. or American Eagle Outfitters Inc.. . . more

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