American Apparel Inc (APP) Adopts Poison Pill To Thwart Charney – ValueWalk Premium
American Apparel

American Apparel Inc (APP) Adopts Poison Pill To Thwart Charney

American Apparel Inc (NYSEMKT:APP)'s board unveiled a poison pill strategy aimed at preventing a takeover from ousted founder Dov Charney on Saturday.

The embattled Los Angeles-based clothing chain said the one-year duration stockholder rights plan would strengthen the company’s ability to protect stakeholders.
Charney pushed out

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