Chico's FAS Inc
The ETFs outperformed Ascena Retail Group based on the PBV ratio. However, Ascena Retail outperformed its ETFs based on price movement.
Ascena Retail has a market cap of $2.18 billion. Its YTD performance was rising. After the 4Q15 earnings report, it rose by 11.78% to close at $13.38 per share.
The acquisition offers that K&G received were much lower than Men’s Wearhouse’s estimates, so the company decided to improve the profitability of K&G.
General Growth CEO Sandeep Mathrani spent a lot of time on the conference call discussing the impact of e-commerce on his company (and mall REITs in general).