Pacific Sunwear (PSUN) Rejects Adrenalina's $4.50/Share Bid
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Pacific Sunwear of California, Inc. (Nasdaq: PSUN) announced today that its Board has determined that the unsolicited proposal received from Adrenalina (OTC: AENA) to purchase all of the issued and outstanding shares of common stock of Pacific Sunwear is not in the best interests of the Company's shareholders.
Pacific Sunwear of California, Inc., together with its subsidiaries, operates as a specialty retailer of action-sport inspired casual apparel, accessories, and footwear for teens and young adults in the United States and Puerto Rico.
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