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Shares of Ann Inc (NYSE: ANN) jumped over 12 percent in after hours trading amid a report that Golden Gate Capital may acquire the company.
According to Reuters, the deal would value the company at approximately $2 billion versus its market cap of $1.72 billion.
A deal could be completed as early as next week, according to sources speaking to Reuters, however, there was still no certainty that a deal would come together successfully.
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Based on the sources, ANN would be open to an offer in the low $40 range.
Neither Ann Inc or Golden Gate had commented on the report.
Ann Inc traded at $41.89 in the after hours session, up 12.13 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.