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Ann Inc (NYSE:ANN) Investor Filed Lawsuit Against Acquisition By Ascena Retail Group

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Lawsuit Overview

June 1, 2015 (Shareholders Foundation) - An investor, who currently holds shares of Ann Inc (NYSE:ANN), filed a lawsuit in effort to stop the proposed takeover of Ann Inc by ascena retail group for a value of $47.00 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:ANN stockholders by agreeing to sell Ann Inc too cheaply via an unfair p...

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