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Technology Stocks : Blank Check IPOs (SPACS)
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To: Glenn Petersen who wrote (2386)5/7/2012 10:21:08 AM
From: Glenn Petersen  Read Replies (1) of 3862
 
Talbots gets a low ball offer from Sycamore:

InPlay 9:06AM Talbots receives proposal from Sycamore Partners to acquire all outstanding common stock for $3.05/share ( TLB) 2.78 : Co announced that its Board of Directors has received a non-binding proposal from Sycamore Partners to acquire all of the Company's outstanding common stock for $3.05/share. In addition, the Company today announced that it has entered into an exclusivity agreement with Sycamore Partners in connection with the non-binding proposal, which will terminate on May 15, 2012. The Board continues to evaluate strategic alternatives, including Sycamore Partners' proposal, consistent with its fiduciary duties to act in the best interest of the Company's stockholders.
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