Thursday, June 20, 2019

Sycamore lowers bid for Chico’s FAS — again

Chain Store Age
A buyout offer for Chico’s FAS has gone lower for the second time.

Sycamore Partners has revised its buyout offer for the struggling women’s apparel retailer to $3.00 a share, or $350 million, in cash as the chain continues to battle sliding sales. In May, Chico’s rejected an offer from Sycamore for $3.50 per share after previously having turned down its offer of $4.30 per share. . . . more

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