Activist Investor Presses Ann Taylor for Sale

Activist investor Engine Capital wants women's apparel retailer ANN Inc. to sell itself, which it believes could fetch around $2.5 billion, The Wall Street Journal reported, citing people familiar with the matter. Engine Capital, which along with a partner controls more than 1 percent of Ann stock, believes a strategic or private-equity buyer would be willing to pay between $50 and $55 a share for the women's retailer, the Journal reported.