Reuters: Financial Services and Real Estate: Sycamore raises Talbots offer to $215 mln

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Sycamore raises Talbots offer to $215 mln May 7th 2012, 13:13 Mon May 7, 2012 9:13am EDT May 7 (Reuters) - Women's apparel retailer Talbots Inc received a raised takeover offer of $214.6 million from private equity firm Sycamore Partners. Talbots said Sycamore had offered to pay $3.05 per share -- slightly higher than the $3.00 per share offer it made in December. The company also said it entered an exclusivity agreement with Sycamore, which will end on May 15.

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