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Poison Pill: Retailers Go on the Defensive as Share Prices Plunge

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Embattled retailers, battered and bruised by the COVID-19 pandemic’s crushing blows, are going on the defensive. Volatility in the equity markets in recent weeks has mercilessly thrashed retail share prices. And in response to what now seems to be historic market and economic instability and uncertainty, many merchants are dusting off a maneuver—designed to stave…

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