Activist Client Engaged Capital Reaches an Agreement with Abercrombie & Fitch for a Reconstituted Board
April 30, 2014
The Wall Street Journal, The New York Times, Bloomberg, The Financial Times (subscription required) and numerous other national financial media reported on the agreement that client Engaged Capital reached with Abercrombie & Fitch for a reconstituted board of directors at the teen clothing retailer. The agreement ends the months-long proxy contest and marks the latest in a long line of shareholder-friendly changes Abercrombie & Fitch has made since Engaged Capital first became involved there this past December. The Olshan team that represented Engaged Capital in connection with its activist campaign and settlement negotiation at Abercrombie included Steve Wolosky, Andrew Freedman, and Meagan Reda.