Frederick's fades into obscurity after not learning Victoria's secret

Frederick's of Hollywood (FOHL +31.2%) will go private in a deal which will see holders of the thinly-traded OTC stock receive $0.27 a share.

The retail chain has been a disaster since hitting a high-water mark in 2009, primarily because it didn't diversify its product lines as Victoria's Secret (LB) did to rousing success.

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