Sycamore extends offer to acquire Talbots to July 27
Sycamore Partners extended the expiration of its offer to acquire Talbots Inc. to July 27.
The tender offer was previously scheduled to expire at midnight New York time on July 13, Sycamore said in a statement. About 80.9 percent of Talbots shares were tendered as of July 13, Sycamore said.
Talbots, a women’s clothing retailer based in Hingham, agreed to be bought by the private equity firm in May for $2.75 a share.