Sponsored Links

UPDATE 1-Sycamore delays Talbots tender offer by 2 days

Wed Jun 13, 2012 9:05am EDT

* Offer to begin on June 15

* Talbots stock down slightly before the bell

June 13 (Reuters) - Talbots Inc said private equity firm Sycamore Partners extended the date of the commencement of its offer to buy the women's apparel retailer by two days.

Sycamore will now begin its offer for all outstanding Talbots' shares on June 15, the retailer said in a statement.

Sycamore struck a deal to buy Talbots, struggling with declining sales and high debt, on May 31 for $193.3 million or $2.75 per share.

Talbots stock was down two cents at $2.43 before the bell.
Stocks
M&A
Markets
Mutual Fund Center
ETFs News
Private Capital
Cyclical Consumer Goods
Financials
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.