Talbots Sinks 35% As Sycamore Buyout Falls Through
May 25, 2012 at 10:03 AM EDT
Shares of Talbots (TLB) were sinking more than 35%, to $1.66 in morning trading after the apparel retailer said its exclusivity deal with Sycamore Partners expired without a takeover agreement. Earlier this month the private equity firm had sweetened its bid, valuing Talbots around $215 million or $3.05 a share. However, after two extensions, Sycamore [...]
