Home UPDATE 1-Hedge funds say Ann Inc could be worth $65/shr in potential sale
 

Keywords :   


UPDATE 1-Hedge funds say Ann Inc could be worth $65/shr in potential sale

2014-09-16 01:03:38| Apparel - Topix.net

Hedge funds Red Alder LLC and Engine Capital again urged Ann Inc to consider a sale to a private equity firm or another apparel company, stepping up pressure on the women's retailer to improve its performance. A sale to retailers like Chico's FAS Inc, Ascena Retail Group, J.Crew or Fast Retailing Co Ltd, could fetch a price between $60 to $65 per share for the Ann Taylor parent, the hedge funds said in an investor presentation on Monday.

Tags: sale update potential worth

Category:Consumer Goods and Services

Latest from this category

All news

26.11Sports service SPOTV adopts Zixi for affiliate delivery
26.11EQT to sell Melita to Goldman Sachs Alternatives
26.11U.S. spending on standalone pay TV increased in Q3 2024
26.11DIRECTV terminates agreement to acquire EchoStar's DISH
26.11Xumo and PubMatic partner on programmatic advertising
26.11Vauxhall owner to close Luton plant
26.11Adara solves PowerKEY CA time-out issue for Aster Tecnodisa
26.11Mediaocean to acquire Innovid
Consumer Goods and Services »
27.11H0599bikke8.7AH
27.11 staff
27.11 TWINS 8oz
27.11
27.1120194
27.11V 7
27.1120th
27.11Under Armour Tactical T /2
More »