Troubled retailer Talbots said it will merge with a Connecticut company that will acquire 60 to 69 percent of Talbots stock for between $300 million and $350 million.
(Jeremy Bales/ Bloomberg News/ File 2008)
Talbots to restructure, cut debt, and merge with Conn. company
Troubled retailer Talbots said it will merge with a Connecticut company that will acquire 60 to 69 percent of Talbots stock for between $300 million and $350 million.
(Jeremy Bales/ Bloomberg News/ File 2008)
Troubled retailer Talbots Inc. yesterday disclosed a major financial restructuring that will cut its heavy debt load and buy out its largest shareholder, a move that puts the Hingham women’s clothing chain on firmer financial ground. (Full article: 511 words)
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