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Aeropostale Exploring Strategic Options

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Shares of the teen retailer Aeropostale Inc (NYSE:ARO) are climbing higher today as a result of a report from Bloomberg News indicating that the retailer has reached out to at least two private equity firms in an attempt to explore strategic options and ease investor concerns. Aeropostale is being pressured by Crescendo Partners to sell itself or go private. Crescendo Partners has a significant stake in the teen retailer. Aeropostale wants to restructure itself first to attract buyers. With the report today, it looks like Crescendo is winning that battle.