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Wall Street investors were cheering today after Suffern-based Dress Barn Inc. said it would buy Tween Brands Inc. for $157 million in stock. Dress Barn shares rose $1.37, or 10.4 percent, over yesterday's close to trade at $14.60 at midday. Tween Brand shares rose $1.61, or 31.1 percent, to $6.79 over yesterday's close of $5.18. Dress Barn's offer values Tween Brands at $6.22 a share, a 20 percent premium over yesterday's closing price. After the deal closes, Tween Brands shareholders will own about 16 percent of Dress Barn's shares. Tween Brands,... [read full story]
Robin Pagnamenta, Energy Editor Thames Water, Britain’s largest water company, is set to square up to Ofwat as the industry regulator unveils price controls that could cost the industry up to £1 billion in fines. The private...
The future of National Express could be decided this week by short-selling hedge funds and the banks that have lent them 18 per cent of its stock, in what will be seen as a key test for shareholder democracy.
Marcus Leroux, Retail Correspondent Woolworths could return to the high street under a plan by Shop Direct group, the owner of Littlewoods, to establish a chain of 200 stores. However, a year after Woolworths fell into...
Seventeen present and former EADS executives are to be questioned but there are claims evidence has been overlooked The biggest insider-trading inquiry in France will reach its climax today as the cream of Europe’s aerospace...
