Sycamore Partners seeks to end Victoria’s Secret deal, L Brands shares plunge
Investment firm Sycamore Partners is
looking to terminate its deal to buy Victoria’s Secret from L
Brands Inc on grounds that it breached some deal terms, a
court filing on Wednesday showed, sending the company’s shares
down 20%.
looking to terminate its deal to buy Victoria’s Secret from L
Brands Inc on grounds that it breached some deal terms, a
court filing on Wednesday showed, sending the company’s shares
down 20%.
Posted by Reuters
