FBR Capital Upgrades Ascena Retail Group (ASNA) to Outperform
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ascena Retail Group, Inc. To Acquire ANN INC. For $47 Per Share In Accretive Transaction
May 18, 2015 7:30 AM EDT- ANN INC. Stockholders to Receive $37.34 in Cash and 0.68 of an ascena Share for Each Share of ANN
-Â $150 Million in Annual Run Rate Synergies Identified, Expected by End of the Third Year Post-Closing
-Â Solid Combined Financial Profile with Strong Free Cash Flow Generation
-Â Combined Company with LTM Sales Exceeding $7.3 Billion to Operate More Than 4,900 Stores Exclusively Focused on Women's Retailing
-Â Conference Call Scheduled for 8:30AM EDT
MAHWAH, N.J. and NEW YORK, May 18, 2015 /PRNewswire/ -- ascena retail group, inc.... More
