Talbots Talks With Sycamore End With No Agreement

(Reuters) - Shares of Talbots Inc plunged as much as 36 percent on Friday after exclusive negotiations with Sycamore Partners ended without an agreement for the private equity firm to buy the women's apparel retailer, which can now look for other deals.

Topics:  reuters    shares   talbots inc   sycamore partners   agreement   
BING NEWS:
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    HINGHAM, Mass. (AP) — The struggling women’s clothing chain Talbots is being taken private by Sycamore Partners for about $193.3 million in cash, an abrupt turnaround after buyout talks appeared to stall last week. Talbots said Thursday that its ...
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  • Sycamore Partners Buying Talbots For $193.3M
    HINGHAM, Mass. — The struggling women’s clothing chain Talbots is being taken private by Sycamore Partners for about $193.3 million in cash, an abrupt turnaround after buyout talks appeared to stall last week. Talbots said Thursday that its ...
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  • Talbots buyout talks with Sycamore end
    Hingham, Mass.-- Talbots said Friday that Sycamore Partners had walked away from negotiations over a proposed $215 million buyout of the retailer. The company, which also reported first quarter results, said it was exploring other strategic alternatives.
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  • Talbots shares plummet after buyout talks falter
    Sycamore had previously indicated it would pay $3.05 per share for Talbots. The end of the talks sent Talbots' stock down down 96 cents, or 38 percent, to $1.60 in morning trading. The two companies had been in exclusive talks on a potential $211 million ...
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  • US: Talbots extends talks with Sycamore Partners
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