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May 2 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)
Comment![M&A, On the Move]
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at CNBC.com (Fri, 4:53PM)
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at CNBC.com (May 8, 2012)
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at MarketWatch.com (May 2, 2012)
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at CNBC.com (May 2, 2012)
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at CNBC.com (Mar 5, 2012)
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Business Wire (May 18, 2012)
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Company Description
We operate women’s apparel specialty stores, principally under the names “dressbarn”, “dressbarn woman” and “maurices”. Since our retail business began in 1962, we have established, marketed and expanded our business as a source of fashion and value. We offer a lifestyle-oriented, stylish,... More