Talbots Ends Buyout Talks

Chain Store Age, Wednesday, May 30, 2012 9:54 AM
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Talbots said 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. “Sycamore Partners informed the company that it is not prepared to execute a transaction at this time,” Talbots said in a statement on Friday.

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