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Talbots opens books to Sycamore

Private equity firm to explore takeover

By Jenn Abelson

 |  Globe Staff  

  January 31, 2012

Weeks after rejecting an unsolicited bid from investment firm Sycamore Partners, Talbots Inc. has signed a confidentiality agreement with the New York company to talk about a possible takeover. The agreement, reached on Friday, is the first official acknowledgment that the struggling Hingham clothing chain is negotiating to be acquired by the private equity firm, which already owns nearly 10 percent of Talbots outstanding stock.

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