Talbots Rejects Sycamore's Buyout Offer

Women's clothing chain Talbots Inc. has rejected a $212 million buyout offer from private equity firm Sycamore Partners, Reuters reported Tuesday. Earlier this month, Sycamore, which owns 9.9% of Talbots, offered to buy Talbots for $3 a share when the company's stock was trading at $1.56. Investors in the company quickly criticized the offer as too low.

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