CNBC television is reporting that Limited Brands stock (LTD) has been halted on the NYSE pending breaking news.
Jim Cramer on CNBC’s “Street Signs” speculates that they could be going to announce some sort of spinoff.
Speculation lately has been that the chain was shopping the under performing Express Fashion and Limited stores to potential sellers. Previous spinoffs from Limited Brands have included Abercrombie & Fitch, Lane Bryant, Lerner New York, & Limited Too/Tween Brands.
Could be an interesting shakeup to the mall landscape.