SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Ann, Inc.
May 22 2015 - 6:05AM
Business Wire
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) 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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Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/940-ann-ann-inc.html