By  on August 25, 2014

NEW YORK — Activist investors Engine Capital LP and Red Alder LLC went public with their push for Ann Inc. to engage in a sale or other transaction Monday and investors picked it up from there.

Shares of the New York-based operator of the Ann Taylor and Loft nameplates increased $2.42, or 6.5 percent, to close at $39.94, the second-best performance of the 100 equities tracked by the WWD Global Stock Tracker.

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