Talbots, Sycamore to delay start of tender offer
Talbots Inc., a Hingham retailer known for classically styled clothing for middle-age women, and Sycamore Partners have agreed to push back the start of the tender offer tied to Talbots’ buyout by two days until Friday. The companies gave no reason for the delay. Last month, Talbots agreed to be taken private by New York-based Sycamore Partners for about $193.3 million in cash. Talbots’ stockholders will receive $2.75 per share. The price was almost 10 percent less than the $3.05 per share that Sycamore had previously offered.