Sycamore Partners extended the deadline of its tender offer to buy women's apparel retailer Talbots Inc -- the second time it has done so -- to August 2. The private equity firm said in May that it would buy Talbots for $193.3 million, or $2.75 per share -- a price that was lower than its previous offers. The tender offer was previously scheduled to expire at 1700 ET on Friday, July 27. Sycamore said 52.7 million Talbots shares had been tendered in. Together with the 7 million shares already owned by Sycamore Partners, this represents about 85 percent

NEW YORK — Talbots said on Tuesday that its board of directors has adopted a shareholder rights plan -- or a poison pill -- to protect its stockholders after a private equity firm disclosed it had acquired a sizeable stake in the company. On Monday, Sycamore Partners LP revealed it had acquired a 9.9% stake in Talbots and said it planned to attempt to talk with the retailer about strategy and operations. Reports put Talbots’ market value at $288 million, and suggest a buyout would exceed $400 million. In its move to protect shareholder value, Talbots adopted the poison

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