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Tween Brands

Tween Brands

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Women's retailer Dress Barn Inc.

(DBRN) said Thursday it would acquire Tween Brands Inc.

(TWB) in an all-stock deal valued at roughly $157 million, in a sign the weak retail market is spurring consolidation.

Dress Barn, of Suffern, N.Y., will swap 0.47 shares for each Tween Brands share, a premium of roughly 20% to Tween Brands shareholders based on Wednesday's closing prices.

Investors applauded Dress Barn's efforts to diversify from apparel for career women into the so-called tween segment, sending shares up 2% premarket to $13.90.

Tween jumped 19% to $6.29.

Discounter Dress Barn targets professional women with its 841 ...



http://online.wsj.com/article/BT-CO-20090625-707292.html
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