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Ann Inc. responds to investors, says focus remains on value
New York – Ann Inc. is publicly responding to an open letter sent by activist investors Engine Capital and Red Alder on Aug. 25, which urged the company to sell at a substantial premium above current stock price. In a press release, Ann Inc. said its board is “very active and consistently has been, and remains, focused on enhancing shareholder value.”
Ann Inc. also said its board regularly reviews all options and uses a financial advisor to help evaluate them.
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Neiman Marcus Group to acquire German online retailer, flagship store
Dallas -- Neiman Marcus Group has signed an agreement to acquire the German luxury fashion e-commerce site Mytheresa.com and Theresa, its flagship Munich store from Christoph and Susanne Botschen and Acton Capital Partners. The transaction is expected to close later this year.