- Ann Inc. (ANN) was acquired by Ascena Retail Group (ASNA)
- On May 18, 2015 Ascena Retail Group announced a $2.16 billion acquisition of Ann Inc. The buyout was completed on August 21, 2015. Ann Inc. will operate as an Ascena Retail Group subsidiary going forward.
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Ann Inc.’s (ANN) fiscal second-quarter earnings jumped a better-than-expected 24% as the women’s retailer benefited from across-the-board sales growth. Shares surged 18% to $33.35 as the company also lifted its view for the year.
** charts after earnings **
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