Ascena is abacus Charming Shoppes to its abiding of accouterment chains including Dress Barn and Justice, according to WSJ’s Dana Mattioli.
Mattioli letters the accumulation is affairs Charming Shoppes, which operates Lane Bryant, Fashion Bug and Catherines Plus Sizes, for $7.35 a share, a 25% exceptional for shares.
Charming Shoppes shares jumped 23% to $7.24 in after-hours trading.
For Ascena, which was accepted as Dress Barn up until aftermost year, the accord will advice it ability a new demographic, its third such acquirement back 2005.
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