Talbots buyot extended
NEW YORK — TLB Merger Sun, an affiliate of Sycamore Partners, has extended the expiration of its tender offer to acquire all of the outstanding shares of common stock, and the associated stock purchase rights, of The Talbots Inc. for $2.75 per share, net to the seller in cash, without interest, and less any applicable withholding taxes, to 5 p.m., New York City time, on Friday, July 27, unless further extended.
The tender offer was previously scheduled to expire at Midnight, New York City time, on Friday, July. All other terms and conditions of the tender offer remain unchanged.
Back in May, Sycamore raised its takeover offer to $214.6 million.
Talbots said Sycamore had offered to pay $3.05 per share -- slightly higher than the $3.00 per share offer it made in December.