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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Ascena Retail Group Investors (ASNA)

Ascena Retail Group, Inc (ASNA)  More Company Research Source: Business Wire
Last ascena retail group, inc earnings: 6/10 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: ascenaretail.com/investors.jsp
PDF BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces an investigation on behalf of Ascena Retail Group (“Ascena” or the “Company”) (NASDAQ: ASNA) investors concerning the Company and its officers’ possible violations of federal securities laws. On May 18, 2015, the Company announced that it would acquire ANN Inc. for a combination of cash and stock. On September 19, 2016, the Company filed a Form 10-K for fiscal year ended July 30, 2016, that reported $733.9 million goodwill related to ANN, which is a $225.7 million reduction. On this news, the Company’s share price fell $2.43, or nearly 30%, to close at $5.69 on September 20, 2016, thereby injuring investors. Then, on May 17, 2017, the Company revised its third quarter and full fiscal year 2017 sales and earnings outlook, further noting that the Company would be taking an unspecified impairment charge. [Read more]

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