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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (2380)	12/20/2011 11:10:28 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

While Talbots has rejected Sycamore's offer, it will explore "strategic alternatives." A sale is probably inevitable. InPlay 9:02AM Talbots responded to the unsolicited proposal received on December 6, 2011 from Sycamore Partners to acquire all of Talbots outstanding shares of common stock at a price of $3.00 per share; Company to Explore Strategic Alternatives ( TLB) 2.65 : Co responded to the unsolicited proposal received on December 6, 2011 from Sycamore Partners to acquire all of Talbots outstanding shares of common stock at a price of $3.00 per share. In its response, the Company informed Sycamore Partners that it had considered and evaluated the terms of the proposed transaction and had concluded that the proposal was inadequate and substantially undervalues the Company. The Board of Directors of the Company has resolved to explore a full range of strategic alternatives to maximize value for Talbots stockholders. Pending that evaluation, the Company will continue to pursue its long range plan and continue its previously announced search for a successor President and Chief Executive Officer. Talbots has not set a definitive timetable for completion of its evaluation and the Company stated that there can be no assurance of any transaction as a result of its review. The Company does not intend to discuss the status of the evaluation or provide interim updates.