Activists Letter Pressures Aeropostale to Sell

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Jan. 15 (Bloomberg) –- Bloomberg’s Su Keenan reports on the Letter from Crescendo Partners to Aeropostale putting pressure on the chain to either sell or go private. She speaks to Deirdre Bolton on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)

Sell or be taken right of it coming from?

It comes from his partners.

You could describe them as one of the most active and colorful activists we've ever heard of.

He is based here in new york.

He has been highly active in canada.

He makes songs about the company to put pressure on.

They kicked up the pressure on eric in november.

They put pressure on the chain to sell.

According to people close to the matter, as teacher mentioned, he is looking at two private equity firms.

In the interest of not only private equity firms, but banks to provide to push back against the activists.

We know at least one higher profile superstar activist investor was in there for a while -- david iron ore.

Their view is a little different.

It could be their timing, that crescendo has placed directors on 20 out of 22 companies.

They see it as an undervalued company.

It fits two of crescendos five reasons for pressuring the company to sell or restructure, which are data management -- bad management to entrepreneurs that can no longer handle a growing business.

Three bad divisions -- they move in when they see that a company needs to be sold or undergo restructuring.

That includes buying back shares, offering dividends -- eric said that he sees this as an example of two of four.

They took an eight 8% stake.

Crescendo really believes that activism is on the rise.

They have that strategy am a but they feel that there is more competitors as well.

Yes.

Have been doing this for 30 years.

Institutions and investors see that it works and eric will be joining us right here on money moves.

The guest host will talk about canada and his strategy.

Thank you.

We're going to bring in a kind of canadian.

Bob rice is joining me now.

This text has been automatically generated. It may not be 100% accurate.

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