Ann Taylor Parent Hires J.P. Morgan to Explore Potential Sale -Reuters
27 August 2014 - 4:07AM
Dow Jones News
Ann Inc. (ANN) is exploring a possible sale of the women's
retailer and has tapped J.P. Morgan Chase & Co. (JPM) to
explore strategic alternatives, Reuters reported Tuesday, citing
people familiar with the matter.
The hiring comes as hedge funds Engine Capital and Red Alder LLC
are pressing the Ann Taylor parent to consider selling itself to
private equity firms or a large international retailer, the report
said.
Full story at http://www.cnbc.com/id/101948275
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