Aeropostale Shores Up Takeover Defenses

Aeropostale has hired Barclays Capital as a strategic adviser to help it fend off any potential offers by private equity firms, Reuters reported, citing a story in the New York Post. Although it hit a rough patch recently, with declining sales, the teen clothing retailer’s management wants the company to remain public, the New York Post reported. Aeropostale operates 885 stores across the U.S.

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