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Victoria's Secret sale could be nixed, L Brands stock sinks 20%
L Brands Inc. LB, -18.74% stock sank 20.7% before it was halted on Wednesday after it confirmed that it received notice from Sycamore Partners that the private-equity firm plans to terminate the deal to purchase a 55% stake in Victoria's Secret for $525 million. The deal, which includes the lingerie business, Victoria's Secret Beauty and the Pink brand, was announced February 20.
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https://www.marketwatch.com/story/victor...latestnews
![[Bild: LBc1dl1252.png]](https://finviz.com/publish/042220/LBc1dl1252.png)
L Brands Inc. LB, -18.74% stock sank 20.7% before it was halted on Wednesday after it confirmed that it received notice from Sycamore Partners that the private-equity firm plans to terminate the deal to purchase a 55% stake in Victoria's Secret for $525 million. The deal, which includes the lingerie business, Victoria's Secret Beauty and the Pink brand, was announced February 20.
...
https://www.marketwatch.com/story/victor...latestnews
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