BALA CYNWYD, Pa., May 19, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Ann, Inc. ("Ann" or "the Company") (NYSE -ANN-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ascena Retail Group, Inc. ("Ascena").
Click here to learn more about the investigation http://brodsky-smith.com/940-ann-ann-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Ann shareholders will receive only 0.68 of a share of Ascena stock and $37.34 in cash for each share of Ann stock they own. The transaction values Ann stock at only approximately $47.00 per share. The investigation concerns whether the Board of Ann breached their fiduciary duties to shareholders and whether Ascena is underpaying for Ann. The transaction may undervalue Ann as the Company's strength can be seen in multiple areas, such as revenue growth, excellent cash flow from operations, and expanding profit margins. In addition, an analyst has placed a $48.00 per share price target on Ann stock.
If you own shares of Ann and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004 by visiting http://brodsky-smith.com/940-ann-ann-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC