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Stockholders Agree to Merger Agreement Between Belk, Sycamore Partners

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Charlotte, NC–Belk, Inc., announced today that its stockholders voted to approve the adoption of the previously announced merger agreement with affiliates of Sycamore Partners. “We are pleased that our stockholders voted in favor of our sale to Sycamore Partners,” said Tim Belk, chairman/chief executive officer of Belk, Inc. “The vote …

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Express, Sycamore Partners End LBO Talks

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Columbus, OH and New York—Express, Inc. and Sycamore Partners today announced that despite having worked together in “good faith towards a transaction over the past several months,” discussions regarding Sycamore Partners’ expressed interest in acquiring Express have been terminated due to the unavailability of financing on commercially acceptable terms. Sycamore, …