BALA CYNWYD, Pa., May 19, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Ann, Inc. ("Ann"
or "the Company") (NYSE -ANN-News) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to Ascena Retail Group, Inc.
("Ascena").
Click here to learn more about the investigation
http://brodsky-smith.com/940-ann-ann-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Ann shareholders will
receive only 0.68 of a share of Ascena stock and $37.34 in cash for each share of Ann stock they
own. The transaction values Ann stock at only approximately
$47.00 per share. The investigation
concerns whether the Board of Ann breached their fiduciary
duties to shareholders and whether Ascena is underpaying for Ann.
The transaction may undervalue Ann as the Company's strength can be
seen in multiple areas, such as revenue growth, excellent cash flow
from operations, and expanding profit margins. In addition,
an analyst has placed a $48.00 per
share price target on Ann stock.
If you own shares of Ann and wish to discuss the legal
ramifications of the investigation, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who
will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004
by visiting http://brodsky-smith.com/940-ann-ann-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC