Ascena Retail Shares Rise On New Share Buyback Program

By Wallace WitkowskiMarketWatch Pulse

Ascena Retail Group Inc. shares rose in the extended session Tuesday after the operator of Ann Taylor and Lane Bryant stores announced a new share buyback program. Ascena shares advanced 4.7% to $10.18. The company said its board approved a $200 million share buyback plan to replace a previous program that had $90 million left in authorization.

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