Ascena Retail Group IncNASDAQ
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  • May 18, 2015, 7:40 AM
    • Ascena Retail Group (NASDAQ:ASNA) acquires Ann (NYSE:ANN) for $47 per share in a cash and stock transaction.
    • The deal terms give Ann an enterprise value of ~$2B.
    • ANN +18.83% to $6.01.
    | May 18, 2015, 7:40 AM
  • May 2, 2012, 9:39 AM

    Ascena (ASNA) jumps 11.1% after confirming it will buy Charming Shoppes (CHRS) for $890M, or $7.35 a share. The price is almost 25% above the latter's close yesterday, and is sending Charming's shares soaring 24% to $7.31. The company owns the Lane Bryant line of women’s clothing, which was probably the crucial element of the deal. (PR) (previous)

    | May 2, 2012, 9:39 AM
  • May 1, 2012, 6:12 PM

    Ascena Retail Group (ASNA) agrees to acquire rival retailer Charming Shoppes (CHRS) for $890M, WSJ reports, hoping the parent company of Lane Bryant will increase ASNA's exposure to the growing market for large women's clothes. An offer of $7.35/share, a 24.6% premium to today's CHRS closing price, may be announced as soon as tomorrow. CHRS +22.7%, ASNA +6.4% AH.

    | May 1, 2012, 6:12 PM | 1 Comment
  • Apr. 19, 2012, 11:12 AM
    Charming Shoppes (CHRS +1.9%) spikes higher - after sitting in negative territory most of the day - as chatter percolates that the company is a takeover candidate. Shares are on a 26.3% YTD run as various reports of a bid for the apparel retailer have come and gone.
    | Apr. 19, 2012, 11:12 AM
  • Dec. 16, 2011, 8:47 AM

    Charming Shoppes (CHRS) +9.5% premarket on a NY Post report that Ascena Retail Group (ASNA), owner of Dress Barn, "expressed interest" in buying CHRS. Ascena reportedly is not interested in owning Fashion Bug, and is mainly eyeing plus-size chain Lane Bryant. “They’re cleaning themselves up, dressing this lady up for sale," a source says.

    | Dec. 16, 2011, 8:47 AM
  • May 23, 2011, 2:10 PM

    Charming Shoppes (CHRS +5.8%) is weighing a sale of its Fashion Bug unit, which accounts for a third of its more than $2B in sales, Bloomberg reports. CEO Tony Romano wants to devote resources to the more profitable Lane Bryant label to revive earnings after almost $500M in losses since 2007.

    | May 23, 2011, 2:10 PM