Sycamore Bumps Offer To $215M For Struggling Talbots
Sycamore, already Talbots' biggest shareholder, with a 9.9 percent stake, is now offering $3.05 per share for struggling Talbots, inching above a $3-per-share offer that was rejected in December. Talbots opened its books in January, hoping to entice a higher bid.
“The board continues to evaluate strategic alternatives, including Sycamore Partners' proposal,” Talbots said Monday.
The Massachusetts-based company also...
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