The Talbots, Inc. Has Received a Proposal to be Taken Private by Sycamore Partners

  • Do you own shares of The Talbots, Inc. (NYSE: TLB)?
  • Did you buy any shares before December 6, 2011?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of The Talbots, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal to be acquired and taken private by Sycamore Partners for $3.00 per share in cash.

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Rigrodsky & Long, P.A. Investigates The Talbots, Inc.'s Receipt of Going Private Proposal for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of The Talbots, Inc. (“Talbots” or the “Company”) (NYSE: TLB) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal from Sycamore Partners (“Sycamore”), to acquire the remainder of the Company it does not already own for approximately $212 million in cash (the “Proposal”).

The Proposal contemplates Sycamore’s acquisition of all of the outstanding shares of common stock of Talbots for $3.00 per share in cash.  Sycamore already owns approximately 9.9% of the Company’s outstanding shares.

The investigation concerns the board of directors' process for consideration of the proposed transaction, whether Talbots is acting in its shareholders' best interests by refusing to enter into negotiations with Sycamore, and whether the proposed consideration to be paid to Talbots' shareholders is fair and adequate.  According to the Proposal, Talbots’ board of directors has “rebuffed [Sycamore’s] efforts to conduct meaningful discussions regarding potential value-enhancing transactions” despite Sycamore’s indication that “if the Board were to provide [Sycamore] with access to information, [Sycamore] could potentially get to a position where [it] would consider increasing [its] offer for the Company.”

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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