Ascena completes Charming Shoppes tender offer
Suffern, N.Y. -- Ascena Retail Group Inc. announced it has successfully completed its tender offer for Charming Shoppes Inc.'s outstanding shares.
Ascena announced in May it that was buying Charming Shoppes, whose banners include Lane Bryant, Fashion Bug, and Catherines Plus Sizes, for about $890 million.
Charming Shoppes will become an Ascena subsidiary and will stop trading on the Nasdaq and Chicago Stock Exchange once the transaction is complete. Ascena’s retail subsidiaries include Dressbarn, Maurices and Justice.