News Summary: Ascena buys Charming Shoppes

Published June 15, 2012 5:31pm ET



DEAL DONE: Ascena Retail Group Inc. has completed its $890 million buyout of Layne Bryant owner Charming Shoppes Inc. and is taking steps to shed parts of the acquired business that it doesn’t want. For the moment, Ascena runs about 3,800 stores.

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