From Yahoo Finance: 2025-05-21 22:43:00

Australian billionaire Brett Blundy’s BBRC increases stake in Victoria’s Secret & Co., implementing a limited-duration shareholder rights plan to prevent takeovers without fair premium payment. BBRC purchased over 10.31 million shares since March, nearing a 49.99% holding after rectifying antitrust filings. Shares traded at $22.87 after the announcement.

Victoria’s Secret & Co. faces weak demand amid recession and tariff concerns. BBRC’s history of gaining control over retail firms raises board concerns about creeping acquisition methods. While VSCO has growth potential, other AI stocks may offer higher returns with limited downside risk. Check out our report on the cheapest AI stock for 100x upside potential.

Read more: Victoria’s Secret Uses ‘Poison Pill’ as Brett Blundy’s BBRC Increases Stake