Victoria's Secret up after Barington Capital seeks to scrap 'poison pill'
ReutersJun 16, 2025 11:34 AM
Shares of lingerie maker Victoria's Secret VSCO.N up 3.3% at $18.79 premarket
Activist investor Barington Capital Group, which owns more than 1% of co, in a letter says "disappointed" with co's recently adopted "poison pill plan
Barington plans to change VSCO's board to end the plan, a person familiar with the situation told Reuters on Sunday
Co had adopted a poison pill plan to fend off investment firm BBRC International, which had increased its stake in co to ~13%
Victoria's Secret spokesperson said Barington has not contacted co, but it looks forward to "discussing their views with them"
Up to Friday's close, stock had fallen 56% YTD
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