WAYNE, Pa., May 19, 2015 /PRNewswire/ -- Ryan & Maniskas,
LLP is investigating potential claims against the board of
directors of ANN, Inc. ("ANN" or the "Company") (NYSE: ANN)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company's efforts to sell the Company to
Ascena Retail Group Inc. for approximately $2.16 billion.
If you own shares of ANN would like to learn more about this
class action or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/ann. You may also email Mr. Maniskas
at rmaniskas@rmclasslaw.com.
Under the terms of the agreement, shareholders of ANN receive
$37.34 in cash and 0.68 of a share of
Ascena common stock in exchange for each share of ANN common stock
they own.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of ANN
for not acting in the Company's shareholders' best interests in
connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas,
LLP
Richard A. Maniskas,
Esquire
995 Old Eagle School Rd., Suite
311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/ann
rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP