Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Foot Locker’s Poison Pill Aimed at Activist Investor With 5% Stake in Macy’s

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

Foot Locker adopted a short-term shareholder rights plan, or so-called “poison pill,” that seems to be aimed at warding off the “Czech sphinx” activist investor who grabbed a roughly 5 percent stake in Macy’s earlier this year. These kinds of rights plans generally pose difficulties for entities angling to gain control of a company by…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!