Abercrombie and Fitch (ANF) shares dropped over 20% today following the news that the company ended chats with potential acquirers. Shares have rose as high as $14 over the past months as investors suspected an acquisition. April 29, it was leaked that American Eagle and ANF were having talks regarding a possible deal, triggering this rise in price. Shares fell to 9.59 (-21.13%) today. Source
What do you think about A&F? Bullish case? Bearish case?
When is the last time you have shopped at A&F?
When I think of A&F I immediately think middle school
Agreed
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