Talbots talks with Sycamore end with no agreement
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(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. Talbots said it remains open to pursuing a transaction with Sycamore at $3.05 per share, which would values the retailer at around $215 million, if the private equity firm can provide certainty over closing the deal and financing commitments. Talbots said Sycamore was not ready make a deal at this time. ...
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Real Estate: Business: Talbots talks with Sycamore end with no agreement
Date Listed : Friday, May 25, 2012
Source : Yahoo! News: Business, Business; Copyright (c) 2005 Yahoo! Inc. All rights reserved.
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