Investing.com - (NYSE:Abercrombie & Fitch) sank Monday after it said it had rejected approaches from a number of would-be suitors.
Abercrombrie shares were down 14.06% at $10.45 at 9:45 ET.
In a statement, the clothing retailer said it had "terminated discussions regarding a potential transaction."
"After a comprehensive review of all relevant factors, with the assistance of our financial advisor, the A&F board of directors determined that the best path to enhance value for stockholders is the rigorous execution of our business plan," Executive Chairman Arthur Martinez said.
"We are committed to taking sound, aggressive action to deliver enhanced performance and long-term stockholder value," Martinez added.
Abercrombie did not say whom it had been approached by.
Brick-and-mortar U.S. retailers have been under siege from internet retailers and fashion giants such as Spain's (MC:Inditex).