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Bankruptcy Judge Approves Ann Taylor Sale to Sycamore

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Ascena Retail Group on Tuesday got the nod from a bankruptcy court to sell its remaining retail nameplates to Sycamore Partners for a deal that includes $540 million in cash. The total deal, which is expected to close next week, is valued at an estimated $1 billion. Bankruptcy Judge Kevin Huennekens in Richmond, Va., described…

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