Talbots Stock Doubles after Buyout Announcement
May 31, 2012 at 08:33 AM EDT
Private equity firm Sycamore Partners will buy Talbots (TLB) for $2.75 per share, a 30-cent discount to its initial offer for the retailer, Talbots said today. Talbots stock doubled on the news. Sycamore’s initial buyout offer was for $3.05, but it withdrew the offer on May 25. The new cash deal is worth $369. “The [...]
