Ascena Retail Group, Inc. Completes Acquisition of Charming Shoppes, Inc.

09:00 AM Eastern Daylight Time -- Transaction Extends Business into Specialty Retail Market for Plus-Size Apparel -- -- Ascena to Focus Business, Close Fashion Bug and Divest Figi’s -- -- Sees Strong Long-term Stockholder Returns Resulting from Growth and Synergies -- SUFFERN, N.Y.--(BUSINESS WIRE)--Ascena Retail Group, Inc. (NASDAQ – ASNA) today announced that it has completed its acquisition of Charming Shoppes, Inc., a leading apparel retailer specializing in women’s plus-size apparel. Charming Shoppes shareholders received $7.35 for each share of Charming Shoppes. Ascena financed the approximately $900 million transaction through a combination of cash on hand and $325 million