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More on Talbots' Potential Sale

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Perhaps getting more realistic about its current market value, Talbots is reportedly reconsidering its rejection of Sycamore Partners as a potential buyer for the chain.

Last week, the company signed a confidentiality agreement with Sycamore that will allow the private equity firm access to Talbots' financial information.

Initially, Sycamore offered $3 per share for the struggling chain. Many retail industry insiders say the price is more than fair, even though Talbots' management expressed the view that it significantly undervalues the company.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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