Law Office of Brodsky & Smith, LLC Announces Investigation of The Talbots, Inc.
December 07 2011 - 12:54PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
The Talbots, Inc. (“Talbots” or the “Company”) (NYSE: TLB) relating
to the proposed acquisition by private-equity firm Sycamore
Partners (“Sycamore”).
Under the terms of the proposal, Talbots shareholders would
receive $3.00 in cash for each share Talbots stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Talbots
for not acting in the Company’s shareholders' best interests in
connection with the sale process with the Company’s largest
shareholder. Talbots shares have plunged more than 80 percent this
year alone. It has been reported that Sycamore has said that
Talbots managers have rebuffed attempts to discuss any
“value-enhancing transaction”.
If you own shares of Talbots stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/366-tlb-the-talbots-inc.html, or by
calling toll free 877-LEGAL-90.
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