//
you're reading...
Uncategorized

Another Struggling Retailer to Be Purchased by PE Firm

If you pay attention to women’s clothing retailers, you’ll know that Talbots is struggling and has been doing so for some time. Their stock price keeps trending downward. Well, help may be on the way. According to TermSheet (that again!) Sycamore Partners, a private equity firm, “has offered to acquire struggling women’s retailer Talbots (NYSE: TLB) for $212 million. The $3 per share offer represents a 92% premium to yesterday’s closing price for Talbots”. That means Sycamore Partners is offering nearly double what the stock has been trading at. Why would they do that?

Apparently, per TermSheet again, Sycamore already owns close to a 10% stake in Talbots. In order to induce the other shareholders, including large institutional and small individual investors but especially the former, to sell without incident or a fight, they have to pay what shareholders would consider a “fair” price. The things you have to do when you have many, many shareholders, some with serious clout.

Advertisements

About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 1 other follower

%d bloggers like this: