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Tuesday, August 26, 2014

Ann Reportedly Hires JPMorgan To Explore Sale Option



Investors.com http://ift.tt/1mNOYXG A day after activist investors urged Ann (ANN) to explore strategic alternatives, the women's apparel retailer has reportedly hired JPMorgan Chase (JPM) to assist with a potential sale. Ann shares leapt 6% to 42.33 on the stock market today, after sources told Reuters about JPMorgan's involvement. It's the stock's biggest single-day gain in five months. On Monday, Engine Capital and Red Alder said in a public statement that Ann is "an incredibly


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