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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...

  • 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...

  • 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.

  • Cramer: Ascena needed to buy Ann Monday, 18 May 2015 | 10:07 AM ET
    Ann Taylor store

    CNBC's Jim Cramer explains why he thinks Ascena's acquisition was a necessary play.

  • *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.

  • *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...

  • Ascena Retail to buy Ann Inc for about $2.15B Monday, 18 May 2015 | 8:15 AM ET
    An Ann Taylor store on Fifth Avenue in New York.

    Ascena Retail, 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.

  • 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.

  • 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.

  • Christmas countdown: Here's what shoppers want Thursday, 18 Dec 2014 | 12:59 PM ET
    Holiday shoppers are spending more on experiences, like painting classes, this season.

    With an abundance of sales happening early on this holiday season, some retailers may fare better than others.

  • West Coast port traffic jam: 3 investor takeaways Monday, 8 Dec 2014 | 12:49 PM ET
    Workers at the Port of Los Angeles

    Fallout from ongoing port congestion on the West Coast has implications for retailers, manufacturers, railroads and truck lines ... and their investors.

  • Early Movers: ANF, TJX, TGT, LYV, AAPL & more Wednesday, 3 Dec 2014 | 8:01 AM ET
    A trader works the floor of the NYSE.

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

  • Early movers: AAPL, AZN, SHPG, FB, MSFT, DB & more Tuesday, 23 Sep 2014 | 7:41 AM ET
    A trader works on the floor of the New York Stock Exchange in New York.

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