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Dress Barn Inc. said Thursday that it will buy Tween Brands Inc., which targets 7 to 14-year-old girls, in a stock deal valued at about $157 million. (AP) - Women's apparel retailer Dress Barn Inc. said Thursday that it will buy Tween Brands Inc., which targets 7 to 14-year-old girls, in a stock deal valued at about $157 million. As part of the transaction, one share of Tween Brands can be exchanged for 0.47 shares of Dress Barn. Each Tween share would be worth $6.22 per share based on Dress Barn's Wednesday closing stock price of $13.24. That amounts to a 20% premium over Tween Brand's Wednesday closing stock price of $5.18. Tween Brands stockholders will own about 16% of Dress Barn's outstanding shares once the transaction is complete. The acquisition also takes care of the New Albany, Ohio-based company's outstanding bank... [read full story]
A suburban street in the heart of Essex and a dozen women are gearing themselves up for a night of fun. That is an 11 per cent increase in the past three weeks and 30 per cent in the year. While no one is expecting to be paid...
Nick Cohen suggests that Nacro, the crime reduction charity, no longer criticises government policy because it "has become dependent on the state" (" How the government buys the silence of charities ", Comment). He argues that...
Gabby Logan’s Welsh ancestors starved Nov 22 2009 by Abbie Wightwick, Wales On Sunday SPORT presenter Gabby Logan broke down in tears and wept after hearing how members of her family starved in hard times. Broadcaster Gabby,...
A new film bringing the life of John Keats to the big screen prompts a personal Romantic pilgrimage to Rome The rose-seller is stalking me. It is a brilliant blue-skied November morning in Rome and I am standing on the Spanish...
