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MiamiGent

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MiamiGent

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Friday, 01/20/2012 10:25:09 PM

Friday, January 20, 2012 10:25:09 PM

Post# of 227
TAL Talbots Rejects Takeover; Shares Surge 17.8%

BY Midnight Trader— 1:17 PM ET 01/20/2012

Talbots Inc. (TLB) is up 17.8% after it turned down a takeover offer from private-equity firm Sycamore Partners.

Sycamore offered TLB about $212.1 million, or $3 a share, an offer TLB said was inadequate and substantially undervalued the company, according to The Wall Street Journal.

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