Thursday 21 May 2015
STOCK MARKET TRADING.: Stock Market Trade : Ascena Buying Loft For About ...
STOCK MARKET TRADING.: Stock Market Trade : Ascena Buying Loft For About ...: STOCK MARKET TRADE : ASCENA BUYING LOFT FOR ABOUT $2.16BILLION . The Ascena Retail Group is buying the owner of Ann Taylor and Loft store...
Stock Market Trade : Ascena Buying Loft For About $2.16billion.
STOCK MARKET TRADE : ASCENA BUYING LOFT FOR ABOUT $2.16BILLION.
The Ascena Retail Group is buying the owner of Ann Taylor and Loft stores in a cash-and-stock deal valued at about $2.16bn.
HISTORY : Ascena, based in Mahwah, New Jersey, owns about 3,900 stores in the United States and Canada. Ann had 1,030 Ann Taylor factory, Loft, Loft outlet and Lou & Grey stores in 47 states, the district of Columbia, Puerto rico and Canada as at January 31
BENEFITS:
Ann Incorporated shareholders will receive $37.34 in cash and o.68 of a share of Ascena Retail group Incorporated stock in exchange for each of their shares. The companies put the total price at $47 per share. That is 21 per cent premium to Ann Incorporated Friday closing price of $38.71. Ascena and
Ann value the deal at approximately $2billion. Ann shareholders will own about 16% of Ascena once the transaction closes.
The Buyout which was unanimously approved by the boards of both companies, is targeted to close
later this year. The acquisition does not require approval by Ascena stockholders. Shares of Ann, based in New York jumped $7.40 or 19.1 per cent , to $46.11 in the last premarket trading.
Investment Advice.
Shares buy back, good earnings, good return on Investments(ROI), expansion and mergers are positive news that makes the share of public trading companies to rise in the stock market trading. To profit in the stock market watch the positive news that makes stock rise.
Recommendation: Buy Ascena Retail Group for Long Term Trading.
http://www.onlinestocktradingmagazine.blogspot.com
The Ascena Retail Group is buying the owner of Ann Taylor and Loft stores in a cash-and-stock deal valued at about $2.16bn.
HISTORY : Ascena, based in Mahwah, New Jersey, owns about 3,900 stores in the United States and Canada. Ann had 1,030 Ann Taylor factory, Loft, Loft outlet and Lou & Grey stores in 47 states, the district of Columbia, Puerto rico and Canada as at January 31
BENEFITS:
Ann Incorporated shareholders will receive $37.34 in cash and o.68 of a share of Ascena Retail group Incorporated stock in exchange for each of their shares. The companies put the total price at $47 per share. That is 21 per cent premium to Ann Incorporated Friday closing price of $38.71. Ascena and
Ann value the deal at approximately $2billion. Ann shareholders will own about 16% of Ascena once the transaction closes.
The Buyout which was unanimously approved by the boards of both companies, is targeted to close
later this year. The acquisition does not require approval by Ascena stockholders. Shares of Ann, based in New York jumped $7.40 or 19.1 per cent , to $46.11 in the last premarket trading.
Investment Advice.
Shares buy back, good earnings, good return on Investments(ROI), expansion and mergers are positive news that makes the share of public trading companies to rise in the stock market trading. To profit in the stock market watch the positive news that makes stock rise.
Recommendation: Buy Ascena Retail Group for Long Term Trading.
http://www.onlinestocktradingmagazine.blogspot.com
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