After a meeting between Adrenalina CEO Ilia Lekach and several independent Pacific Sunwear directors Pac Sun has announced that the proxy contest is over.
Pacific Sunwear of California Inc. said Friday that Adrenalina, which has expressed its interest in acquiring the California teen clothing retailer, has ended its proxy contest by withdrawing its nominations of four candidates for election to the Pacific Sunwear board.
Maybe it’s the hearty retailer climate.
[Link: FOX Business]
