Retailer makes move to block crisis-led hostile takeover bid

Chico’s FAS shares have dropped more than 73% year-to-date.

  • By Business Observer Staff
  • | 9:00 a.m. April 8, 2020
Courtesy. Chico's President and CEO Bonnie Brooks.
Courtesy. Chico's President and CEO Bonnie Brooks.
  • Charlotte–Lee–Collier
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FORT MYERS — Chico’s FAS, one of the largest employers in Lee County, has adopted a short-term shareholder rights plan, commonly known as a poison pill.

 

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