18.05.2015 - Ann Inc. Will be sold to Ascena Retail Group
The price of Ann Inc. shows strong growth, after appeared news on agreement of the company to sell their stake in the company to Ascena Retail Group for $ 2.2 billion. As a result, total sales will be $ 7.3 billion in 4900 stores focused on retail sales of women's clothing. The premium for the transaction is approximately 21% to the current price. Completion of the transaction is planned for the second half of this year. We expect further growth of quotations of the company Ann Inc. by 15-20% before the end of the year.