Ascena Retail Group Inc Completes Tender Offer For Shares Of Charming Shoppes, Inc.

Ascena Retail Group Inc and Charming Shoppes, Inc. jointly announced that Ascena has successfully completed tender offer for the outstanding shares of common stock of Charming. The depositary for the offer has advised Ascena that, as of the expiration of the offer at 12:00 midnight, New York City time, on June 12, 2012, a total of approximately 95,742,871 Charming shares were validly tendered in the offer and not withdrawn, representing approximately 81.5% of the outstanding common stock of Charming. Shares tendered through notices of guaranteed delivery are required to be delivered to Ascena by June 15, 2012. Ascena, through