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Ascena Retail Group Inc

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  • *Offer of $47/ share is a 21.4 pct premium. May 18 (Reuters)- Ascena Retail Group Inc, which runs Lane Bryant and Dressbarn women's clothing stores, is to buy Ann Inc for $2.15 billion, mainly for the popular LOFT brand, which offers everyday fashion to a wide age group. Ascena has fueled much of its growth through acquisitions and after this deal, will operate nearly 5000...

  • Ann and Endo big market movers Monday, 18 May 2015 | 4:34 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Ann Inc., up $7.69 to $46.40. Media General Inc., up 93 cents to $16.37.

  • S&P 500, Dow indexes edge up to record highs Monday, 18 May 2015 | 4:11 PM ET

    NEW YORK— U.S. stocks are creeping further into record territory after a quiet day of trading. Ann, the parent company of Ann Taylor and Loft, jumped 20 percent after it agreed to be acquired by Ascena Retail Group. Endo International fell 5 percent after it agreed to buy privately held Par Pharmaceutical for $8 billion.

  • US STOCKS-Dow, S&P touch record highs Monday, 18 May 2015 | 1:04 PM ET

    *Ann rises after Ascena Retail takeover offer. The National Association of Home Builders/Wells Fargo Housing Market index fell to 54 from 56 in April. "Right now with the way things are going, especially with the yield curve getting steeper, it's going to be less and less likely the Fed will raise rates in September," John Burke, CEO of Burke Financial Strategies in...

  • NEW YORK— U.S. stocks are edging higher in midday trading, keeping indexes at record high levels. Ann, the parent company of Ann Taylor and Loft, jumped 19 percent after it agreed to be acquired by Ascena Retail Group. Endo International fell 3 percent after it agreed to buy privately held Par Pharmaceutical for $8 billion.

  • Offer of $47/ share is a 21.4 pct premium. May 18- Ascena Retail Group Inc, which runs Lane Bryant and Dressbarn women's clothing stores, is to buy Ann Inc for $2.15 billion, mainly for the popular LOFT brand, which offers everyday fashion to a wide age group. Ann's shares were up 19.3 percent at $46.20 in late morning trading on Monday, just below Ascena's offer of $47 per...

  • US STOCKS-Wall St down as homebuilder confidence slips Monday, 18 May 2015 | 10:59 AM ET

    *Altera up on report of possible deal with Intel. *Ann rises after Ascena Retail takeover offer. "Right now with the way things are going, especially with the yield curve getting steeper, it's going to be less and less likely the Fed will raise rates in September," John Burke, CEO of Burke Financial Strategies in New York.

  • DEALS: Ann Inc., the parent company of Ann Taylor and Loft, jumped $7.14, or 18 percent, to $45.85 after it agreed to be acquired by The Ascena Retail Group. Endo International fell $4.52, or 5 percent, to $80.83 after it agreed to buy the privately held Par Pharmaceutical for $8 billion. APPLE OF HIS EYE: Apple rose $1.83, or 1.5 percent, to $130.59 after activist investor...

  • *Altera up on report of possible deal with Intel. *Ann rises after Ascena Retail takeover offer. If the index does not rise, as expected, stocks could rally, said Adam Sarhan, chief executive of Sarhan Capital in New York.

  • Stocks ease, bringing S&P 500 back below record high Monday, 18 May 2015 | 9:40 AM ET

    NEW YORK— U.S. stocks indexes are edging lower in early trading as the market comes off its latest record high. Ann Inc., the parent company of Ann Taylor and Loft, jumped 21 percent after it agreed to be acquired by The Ascena Retail Group. Endo International fell 3 percent after it agreed to buy privately held Par Pharmaceutical for $8 billion.

  • *Altera, Ann rises on possible deals. The market will get another clue on the state of the economy at 10 a.m. ET when the National Association of Homebuilders releases its monthly homebuilder confidence index. If the index does not rise, as expected, stocks could rally, said Adam Sarhan, chief executive of Sarhan Capital in New York.

  • *Offer of $47/ share is a 21.4 pct premium. May 18- Ascena Retail Group Inc, which runs Dressbarn and Lane Bryant women's clothing stores, said it agreed to buy rival Ann Inc, owner of LOFT and Ann Taylor, for $2.15 billion. Reuters reported in August last year the company, which has been under pressure from certain shareholders to sell itself, had tapped JP Morgan to...

  • May 18- Ascena Retail Group Inc, which runs Dressbarn and Lane Bryant women's clothing stores, said it agreed to buy rival Ann Inc, owner of LOFT and Ann Taylor, for $2.15 billion. That works out to $47 per share, representing a 21.4 percent premium to Ann's closing price of $38.71 on Friday. "With the addition of the Ann Taylor and LOFT brands, Ascena will become one of...

  • Housing, inflation data set to dominate Wall Street Monday, 18 May 2015 | 8:01 AM ET
    Trader on the floor of the New York Stock Exchange.

    U.S. stock index futures indicated a flat-to-lower open on Monday, with housing market indicators set to dominate this week after a run of soft economic data.

  • Early movers: ENDP, ANN, BABA, INTC, COP & more Monday, 18 May 2015 | 7:53 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Ann Taylor will join a stable of retail clothing stores owned by Ascena, including Lane Bryant, Justice, Dress Barn and Cacique, giving the combined company annual sales of $7.3 billion. A push for the sale of the Ann Inc. began in earnest last August when major shareholders Engine Capital LP and its partner Red Alder LLC urged the board to put the company on the...

  • Ascena Retail to buy Ann Inc for about $2.15 bln Monday, 18 May 2015 | 7:38 AM ET

    May 18- Apparel retailer Ascena Retail Group Inc said it agreed to buy women's clothing maker Ann Inc for about $2.15 billion in cash and stock. Ascena's offer of $47 per share represents a 21.4 percent premium to Ann's closing price of $38.71 on Friday. Ascena said the offer does not require approval by its stockholders and expects the deal to close in the second...

  • Missed opportunity? Retail's plus-size problem Wednesday, 8 Apr 2015 | 4:36 PM ET
    Lane Bryant I'm No Angel campaign

    Despite the potential for growth, retailers have had difficulty competing in the plus-size category, which has led to frustrated consumers.

  • Early movers: MCD, GE, LL, GME, TGT & more Wednesday, 4 Mar 2015 | 7:52 AM ET

    Some of the names on the move ahead of the open.

  • Time to get serious? Retail's $7 billion problem Monday, 9 Feb 2015 | 12:58 PM ET
    Ships gather off the ports of Los Angeles and Long Beach, California.

    Congestion at West Coast ports could cost retailers as much as $7 billion this year, according to a new analysis. But could tally even higher.