Talbots, Inc. (TLB)

[MiamiGent]

TLB CORRECTION: Talbots Rallies Following CNBC's Report of Potential Suitors for Struggling Company

BY Midnight Trader
— 1:58 PM ET 01/20/2012



01:58 PM EST, 01/20/2012 (MidnightTrader) -- Apparel retailer Talbots (TLB) is surging, and was last up 16% following a report by CNBC that private equity firms Golden Gate and TPG Capital were considering bidding for the retailer.

The previous briefing incorrectly stated that TLB was surging after rejecting an offer by Sycamore Partners. TLB declined that offer on Dec. 20, 2011.