Talbots deal on hold for now, shares plunge

Shares of Talbots Inc fell 41 percent on Friday after the company said that exclusive negotiations with Sycamore Partners had ended without an agreement for the private equity firm to buy the women's apparel retailer, which can now look for other deals. TalbotsTalbots said it was open to pursuing a transaction with Sycamore at $3.05 per share, which would value Talbots at around $215 million, if Sycamore could provide certainty that it can obtain financing and close the deal. Talbots said

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