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5 years ago
Ascena to buy Charming Shoppes for $890 mln
May 2, 2012 / 10:15 AM / 5 years ago

Ascena to buy Charming Shoppes for $890 mln

1 Min Read

May 2 (Reuters) - Women's clothing retailer Ascena Retail Group Inc agreed to buy rival Charming Shoppes Inc for about $890 million in cash.

Ascena will pay $7.35 for every Charming Shoppes share - a 24.5 percent premium to the stock's Tuesday close.

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