Betty Chen

Looking to sell itself, Talbots opened its books to Sycamore Partners in a move that could lead to the private equity firm raising its original buyout offer, which was snubbed by the women's apparel chain last month. Earlier this month, people familiar with the matter told Reuters that Talbots — which is also looking for a new leader — had started actively soliciting offers and private-equity firm Golden Gate Capital was considering a bid for the company.

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