HINGHAM, Mass -- Women's clothier Talbots Inc. said Friday that a deadline expired without a deal in its talks about being acquired by a private equity firm and that it will pursue other options.
The retailer said that Sycamore Partners told the Massachusetts-based company that "it is not prepared to execute a transaction at this time." Sycamore had previously indicated it would pay $3.05 a share for Talbots. The end of the talks sent Talbots' stock down $1.05 a share, to a close at $1.51 Friday.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.