{"id":2191,"date":"2008-10-20T11:58:54","date_gmt":"2008-10-20T18:58:54","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=2191"},"modified":"2008-10-20T12:09:05","modified_gmt":"2008-10-20T19:09:05","slug":"adrenalina-to-pacsun-ah-nevermind","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=2191","title":{"rendered":"Adrenalina To PacSun: Ah, Nevermind"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2008\/10\/homepage-background-image.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2008\/10\/homepage-background-image.jpg','popup','width=780,height=319,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2008\/10\/homepage-background-image-tm.jpg\" height=\"81\" width=\"200\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Homepage Background Image\" \/><\/a>Earlier today reports of Miami-based action sports mall retailer <strong><a href=\"http:\/\/www.adrenalinastore.com\/\" target=\"_blank\">Adrenalina<\/a><\/strong> putting out a $293 million buyout out offer to <strong><a href=\"http:\/\/shop.pacsun.com\/home.jsp\" target=\"_blank\">Pacific Sunwear<\/a><\/strong> have now turned into stories of the whole deal being tabled according to a report on <strong><a href=\"http:\/\/www.just-style.com\/article.aspx?id=102290\" target=\"_blank\">Just-style.com<\/a><\/strong>.<\/p>\n<p>Original reports quoted Adrenalina CEO <strong>Ilia Lekach<\/strong> saying the following:<\/p>\n<blockquote><p>This action represents our confidence that Adrenalina can reinvigorate PacSun \u2013 a powerful brand name whose underlying retail concept has grown stale \u2013 by applying our innovative approach of fusing an exceptional product mix to an exciting entertainment destination,\u201d Lekach said in a news release.<\/p><\/blockquote>\n<p><strong>The Motley Fool<\/strong> has already <strong><a href=\"http:\/\/www.fool.com\/investing\/small-cap\/2008\/10\/20\/pacsun-doesnt-need-shot-of-adrenalina.aspx\" target=\"_blank\">called bullshit on the deal<\/a><\/strong>.<\/p>\n<blockquote><p>While the surf-and-skatewear company could use a lift &#8212; its stock is off about 80% from its 52-week high &#8212; this looks like little more than a publicity stunt or a bid to boost Adrenalina&#8217;s own stock price. That&#8217;s because its chairman and CEO is Ilia Lekach, who has a rich history of playing such games.<\/p><\/blockquote>\n<p>Adrenalina stock got a 40 percent bounce this morning all the way up to $1.70. So maybe the offer was enough.<strong><\/p>\n<p>[Link: <\/strong><strong><a href=\"http:\/\/www.just-style.com\/article.aspx?id=102290\" target=\"_blank\">Just-Style<\/a><\/strong><strong> and <\/strong><strong><a href=\"http:\/\/www.bizjournals.com\/losangeles\/stories\/2008\/10\/20\/daily6.html\" target=\"_blank\">Business Journal<\/a><\/strong> and <strong><a href=\"http:\/\/www.fool.com\/investing\/small-cap\/2008\/10\/20\/pacsun-doesnt-need-shot-of-adrenalina.aspx\" target=\"_blank\">The Motley Fool<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier today reports of Miami-based action sports mall retailer Adrenalina putting out a $293 million buyout out offer to Pacific Sunwear have now turned into stories of the whole deal being tabled according to a report on Just-style.com. Original reports quoted Adrenalina CEO Ilia Lekach saying the following: This action represents our confidence that Adrenalina [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[16,3,4,6,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2191"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2191"}],"version-history":[{"count":0,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2191\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2191"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}