Winston Guides Sycamore's $600M Buy Of Hot Topic

Law360, New York (March 7, 2013, 12:06 PM EST) -- Shopping mall mainstay Hot Topic Inc. will go private in a $600 million sale to Sycamore Partners LLC, the California company said Thursday, bringing a popular teen clothier to the New York private equity firm's bread-and-butter retail holdings.

Under the deal's terms, Hot Topic investors will receive a cash payout of $14 per share, representing a 30 percent premium over the stock's Wednesday close. The firms did not lay out financing plans for the transaction, which is subject to shareholder and regulatory approvals.

While investors will...
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