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:
  • Sycamore Partners buying Talbots women's clothing chain
    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 ...
    06/3/2012 - 3:12 am | View Link
  • 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 ...
    05/31/2012 - 2:57 am | View Link
  • 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.
    05/28/2012 - 1:00 pm | View Link
  • Sycamore not ready to pull trigger on Talbots deal
    Sycamore had previously indicated it would pay $3.05 per share for Talbots. The end of the talks sent Talbots’ stock down $1.05, or 41 percent, to close at $1.51 Friday. The two companies had been in exclusive talks on a potential $211 million buyout ...
    05/25/2012 - 5:11 pm | View Link
  • 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 ...
    05/25/2012 - 8:37 am | View Link
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  • Talbots
    Talbots is an American multi-channel upscale fashion retailer of women’s classic clothing, shoes and accessories established in 1947. At the end of fiscal 2012, the ...
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