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TECHNICAL ANALYSIS  |  June 8, 2016
The Bird That Shrunk After Swallowing Its Rival
May 18th, 2016 makes it a year since Ascena (ASNA) announced its acquisition of ANN stores for a mixture of cash; financed by debt and stock. The deal created one of the largest specialty retailers in North America with a total of over 4,900 stores. In the year since the deal closed ASNA shareholders have not seen any upside value.
by Stella Osoba, CMT

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