Faruqi & Faruqi, LLP Announces Investigation of Talbots Inc.
December 08 2011 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Talbots Inc. (“Talbots” or the “Company”) (NYSE: TLB)
for potential breaches of fiduciary duties in connection with their
conduct related to the proposed sale of the Company to Sycamore
Partners LP in an all-cash deal valued at about $212 million. Under
the terms of the proposed transaction, Talbots stockholders will
receive $3.00 in cash for each share of Talbots common stock they
own, while according to Yahoo! Finance, at least one financial
analyst has set a price target of $4.00 for Talbots.
Request more information now by clicking here:
www.faruqilaw.com/TLB
Whether the Talbots’ Board of Directors is acting in accordance
with their fiduciary duties to Talbots’ stockholders to conduct an
adequate and fair sales process to sell the Company, whether the
proposed transaction undervalues Talbots’ shares, whether Talbots’
Board of Directors is adequately negotiating a price increase for
the proposed transaction and by how much this proposed transaction
undervalues the Company to the detriment of Talbots’ shareholders
are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Talbots and wish to obtain additional
information, please visit us at www.faruqilaw.com/TLB or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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