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Talbots Rebuffs Sycamore’s $212 Million Takeover Bid

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Hingham, MA—Calling a $212 million unsolicited bid to buy it “inadequate,” Talbots today rejected private equity firm Sycamore Partner’s offer to buyout the financially troubled women’s specialty retailer. Talbots’ board of directors said Sycamore Partner’s offer “substantially undervalues the company.” Instead, the board said it would be exploring “a full …