The Talbots Inc. announced that the Company and Sycamore Partners agreed to extend the date by which Sycamore Partners is obligated to commence thetender offer for all of the outstanding shares of Talbots common stock pursuant to the previously announced merger agreement from Wednesday, June 13, 2012 to Friday, June 15, 2012.
Perella Weinberg Partners LP is acting as financial advisor to Talbots, and White & Case LLP is acting as its legal counsel. Bank of America Merrill Lynch is acting as financial advisor to Sycamore Partners, and Winston & Strawn LLP and the Law Offices of Gary M. Holihan, P.C. are acting as its legal counsel.
The Talbots, Inc. is a leading specialty retailer and direct marketer of women's apparel, shoes and accessories. At the end of the first quarter 2012, the Company operated 516 Talbots stores in 46 states and Canada.
Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments.
The Talbots Inc
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