-
Ascena Retail, Ann Shares Gain Big on M&A
Monday, May 18, 2015 - 9:00am | 260Ascena Retail Group Inc (NASDAQ: ASNA), the operator of Dressbarn and Lane Bryant, agreed to buy Ann Inc (NYSE: ANN) for $38.71 in cash and 0.68 per share in stock. The deal works out to a $2.15 billion price tag. Ascena wants to acquire Ann's LOFT and Ann Taylor stores to expand its women...