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Wednesday, July 2, 2014

BRIEF-Mothercare shares 13 percent higher after rejects Destination Maternity approach, (NASDAQ: DEST)

Mothercare * Mothercare shares open 13.2 percent higher after firm rejects Destination Maternity bid proposals Further company coverage:

Destination Maternity Corporation is the designer and retailer of maternity apparel in the United States and is the only nationwide chain of maternity apparel specialty stores. Shares of DEST traded higher by 1.32% or $0.3/share to $23.07. In the past year, the shares have traded as low as $22.00 and as high as $32.98. On average, 87964 shares of DEST exchange hands on a given day and today's volume is recorded at 121604.