The Talbots, Inc Merger Litigation (NYSE: TLB)
Law Office of Brodsky & Smith, LLC Announces Investigation of The Talbots, Inc.
BALA CYNWYD – (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- News) 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, or by calling toll free 877-LEGAL-90.
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