Ascena is a leading national specialty retailer of apparel for women, and tween
girls and boys, and operates, through its wholly owned subsidiaries, the
following principal retail brands: Justice; Lane Bryant; maurices; dressbarn;
and Catherines. The Company�s operations include approximately 3,900 stores
throughout the United States, Puerto Rico and Canada, with annual revenues of
over $4.7 billion for the fiscal year ended July 27, 2013.
On June 14, 2012, the Company acquired Charming Shoppes, Inc. (�Charming
Shoppes�) and its related family of retail brands. Charming Shoppes owned and
operated multiple retail brands through over 1,800 retail stores and e-commerce
operations, including Lane Bryant and Catherines. The Company acquired Charming
Shoppes in an all cash transaction at $7.35 per share, for an aggregate purchase
price of $882.1 million (excluding the assumption of debt and transaction costs,
and collectively, the �Charming Shoppes Acquisition�).