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Ascena Adopts Poison Pill as Share Price Plummets

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Following similar moves by retail rivals, Ascena Retail Group is the latest fashion company to adopt a net-operating-loss poison pill plan. The parent company to brands including Lane Bryant and Ann Taylor executed the move to protect tax benefits accorded by net-operating-loss (NOL) carryforwards, and will continue in effect until May 25, 2021, unless earlier…

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