By  on April 6, 2009

Ending threats of a proxy battle, Pacific Sunwear of California Inc. said Friday Adrenalina Inc. had withdrawn its nominees for election to PacSun’s board.

The bitter David-and-Goliath dispute began last October when PacSun, with 932 stores, rejected the bid by Adrenalina, which has four stores, to buy the teen retailer — first for about $300 million and later for about $329 million.

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