Reuters: Private Equity: Sycamore raises Talbots offer to $215 mln

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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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