By  on September 12, 2012

Shares of Abercrombie & Fitch Co. shot up today on a report that the retailer hired Goldman Sachs to contend with an activist investor.

The stock rose as much as 7.8 percent and closed up 5.4 percent to $37.92 after CNBC reported the investment bank was retained help Abercrombie work with Relational Investors.

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