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Tween Brands Soars on Dress Barn Takeover
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Another day. Another retail consolidation. Another bit of evidence that Darwin was right.
This time, it's women's apparel retailer Dress Barn(DBRN Quote) buying the struggling Tween Brands(TWB Quote) for about $157 million in stock.
The news sent shares of both companies soaring in early morning trading, with Dress Barn up 5.5% to $13.96 and Tween Brands up 25% to $6.47. ...
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