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L Brands gains after working out deal with activist

Apr. 22, 2019 9:33 AM ETBath & Body Works, Inc. (BBWI) StockBBWIBy: Clark Schultz, SA News Editor
  • L Brands (NYSE:LB) is up 1.35% after working out an agreement with Barington Capital that will see the hedge fund vote for the retailer's three independent board nominees and be named a special advisor.
  • L Brands also submitted a plan to declassify the board so that all members are up for re-election in 2021.
  • The SEC filing doesn't mention any specific new plans for the Victoria's Secret or Bath and Body Works businesses.

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