Aeropostale adopts poison pill

Tue Nov 26, 2013 8:25am EST

Nov 26 (Reuters) - 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.

Aeropostale said the plan, which will issue a large number of new shares to other investors, diluting the stake held by a stockholder crossing the 10 percent threshold.

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