Teen clothing retailer Aeropostale Inc said it has adopted a poison pill that will be triggered if a stockholder buys 10 percent of the company. Shareholder Crescendo Partners urged Aeropostale last week to sell itself, joining a list of investors expressing frustration about the fading fortunes of the retailer.
Shares of ARO remained unchanged at $10.21. In the past year, the shares have traded as low as $7.78 and as high as $17.10. On average, 3275680 shares of ARO exchange hands on a given day and today's volume is recorded at 2400.
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