Golden Gate Capital disclosed that it has a 9% stake in Ascena Retail group ASNA, +0.07% which owns Ann Taylor, Lane Bryant, Dressbarn and other manufacturers. GGC believes the corporate’s stock is considerably undervalued, consistent with the SEC submitting. The agency also stated it can be in the early degrees of discussions with Ascena’s administration crew and the board of administrators to develop the corporate. Ascena stock is up thirteen% for the year up to now. The S&P is down 2.2% for the same duration.
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