Seeking Alpha

Ann pops on report JPMorgan is shopping it

  • Shares of Ann (ANN +5.4%) move higher after Reuters reports JPMorgan has been hired to shop the women's retailer around.
  • Today's move follows up a rally yesterday sparked by some activist investor pressure on the company.
  • Engine Capital and Red Alder think Ann could fetch $50 to $55 per share in sale.
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