Trader’s Buzz: Ann Inc. (ANN), Altera Corp. (ALTR), Eleven Biotherapeutics. (EBIO), Alibaba Group (BABA), Durect (DRRX)

Shares of Ann Inc. (ANN) are higher by nearly 22% to $47.06 in premarket trading on Monday after Ascena Retail Group Inc. announced its plans to buy Ann Inc. for about $2.16 billion in a cash-and-stock deal. Under the terms of the deal, Ann investors will receive $37.34 in cash and $0.68 of an Ascena […] View the full post at: Trader’s Buzz: Ann Inc. (ANN), Altera Corp. (ALTR), Eleven Biotherapeutics. (EBIO), Alibaba Group (BABA), Durect (DRRX) Related posts: Bondholders Group to Sue General Growth Properties Inc. Russian Tech Group Offers to Invest $200 mln in Facebook CIT Group Reach Tentative Debt Deal with Goldman Sachs