Dress Barn to buy Tween Brands in $157 million stock deal
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Women's clothing retailer Dress Barn Inc agreed to buy teen-apparel seller Tween Brands Inc in an all-stock deal valued at about $157 million, the companies said jointly. The equity value of the deal represents a premium of 20 percent to Tween Brands' Wednesday close of $5.18. Under the agreement, each common share of Tween Brands will be exchanged for 0.47 shares of Dress... [read full story]
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