Talbots Opens Books To Sycamore After Rejecting Offer

Law360, New York (January 30, 2012, 4:01 PM EST) -- After rebuffing Sycamore Partners LLC's $205 million buyout offer last month, struggling women's clothing retailer Talbots Inc. has allowed the private equity firm access to certain private financial information, according to a Monday filing with the U.S. Securities and Exchange Commission.

Representatives for the parties declined to comment Monday, but Talbots' move to open its books to Sycamore, effective Jan. 27, shows that the company is still interested in a possible takeover bid from the firm, which is already its largest shareholder with a 9.9 percent...
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