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Tuesday, November 26, 2013

Aeropostale, under investor pressure, adopts poison pill, (NYSE: ARO)

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.Crescendo described itself as a "substantial shareholder" in Aeropostale but did not disclose the number of shares held by it and its affiliates.Aeropostale, whose shares were up 1 percent before the bell, has already said it will post a loss when it reports third-quarter results next week.

Aeropostale, Inc., (Aeropostale) is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-old kids through its P. Shares of ARO fell by 0.1% or $-0.01/share to $10.20. 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 623636.