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Charming Shoppes

Charming Shoppes
Charming Shoppes, Inc. is a leading multi–brand specialty
apparel retailer primarily focused on women's plus-size apparel.
They are the parent company of retail store brands Lane Bryant,
Fashion Bug and Catherines Plus Sizes. Through their
Lane Bryant
brand, their retail stores have been in operation for more than
100 years.
On May 2, 2012
Ascena Retail
Group, Inc. (NASDAQ: ASNA) and Charming Shoppes,
Inc. (NASDAQ: CHRS) jointly announced that they have entered
into a definitive agreement under which Ascena will acquire
Charming Shoppes in a cash transaction valued at approximately
$890 million. Ascena has agreed to make a cash tender offer for
all outstanding shares of Charming Shoppes common stock at a
price of $7.35 per share. The tender offer is expected to
commence within 10 business days. Subject to customary
conditions and approvals, the transaction is expected to close
during the second calendar quarter of 2012.
http://www.charmingshoppes.com/
Learn more
about Charming Shoppes on Apparel Search.
You may want to also research
Catherines which is a division of Charming Shoppes. |